Sunday, October 7, 2012

Global Services Sector Expands in September

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JPMorgan and Markit Global Indexes

Global Services PMI by Month

Global service sector output expanded at the fastest pace for six months in September, underpinned by improved inflows of new business and work on existing contracts.

The JPMorgan Global Services Business Activity Index – a composite index produced by JPMorgan and Markit in association with ISM and IFPSM – rose to 54.0 in September, from 52.0 in August, to remain above the neutral 50.0 mark for the thirty-eighth month running.

Please note that, due to later release dates than usual, September data for China, India and Hong Kong were not available to include in this month's global services PMI. August data have been used as a proxy for the September calculations.

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