Saturday, August 4, 2012

Global Services Sector Expands in July

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JPMorgan and Markit Global Indexes

Global Services PMI by Month

July saw growth of the global service sector pick up from June's near three-year low. At 52.7, the JPMorgan Global Services Business Activity Index – a composite index produced by JPMorgan and Markit in association with ISM and IFPSM – remained above the neutral mark of 50.0 for the thirty-sixth successive month.

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Seeking Alpha