Financial data firm Markit said its preliminary services Purchasing Managers Index was 61.0 in July, unchanged from June and above expectations for a reading of 59.8. A reading above 50 signals expansion in economic activity, and June's reading was the highest final reading since the survey began in October 2009. The services sector continued to add employees, though at a slower pace. "Nonetheless, service sector companies continue to perform strongly against post-recession trends, and overall the latest manufacturing and services PMI surveys suggest that the US economy has enjoyed a strong start to the second half of 2014."
via Business News http://ift.tt/1uz4UFQ
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