Thursday, January 05, 2012
Service sector strongest for five months
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

All three purchasing managers' surveys have now surprised on the upside, with the service sector index up from 52.1 in November to 54 in December. This followed stronger-than-expected manufacturing and construction sector data. Markit, which produces the data, says December's bounce won't prevent a stagnant fourth quarter.

Even that, however, which may be cautious, is better than it looked a couple of weeks ago. The service sector PMI can be accessed here.