The Services PMI 55.1 vs 55.7 estimate
The US Markit PMI data is released in the assembly a little lower than expectations:
- Manufacturing came in on the screws at 53.0 vs 53.0 estimated. It was a little higher than the last month from 52.8
- PMI services came in at 55.1, which was lower than the estimate of 55.7. Last month was 56.0
- The composite index was also lower at 54.6 vs. 55.3 last month.
- Employment in the manufacturing 54.3 vs. 53.1. The highest since December of 2016