Monday, September 10, 2012

Global Services Sector Expands in August at Slower Rate

♦ ♦ ♦

JPMorgan and Markit Global Indexes

Global Services PMI by Month



David Hensley, Director of Global Economics Coordination at JPMorgan, said: "The global service sector continued to expand in August, offsetting some of the weakness exhibited by manufacturing. Rising cost inflation and muted new order growth suggest that the expansion in the sector will remain only modest in coming months."

♦ ♦ ♦

Seeking Alpha