ECONOMICS COMMENTARY
Dec 18, 2013
US Flash Services PMI: Employment growth accelerates to record high
Business activity in the U.S. service sector continued to rise strongly in December, as signalled by the Markit Flash U.S. Services PMI Business Activity Index. At 56.0, the 'flash' PMI reading, which is based on approximately 85% of usual monthly replies, was up slightly from November's 55.9 and above the series average of 55.5. Notably, the rate of employment growth accelerated quickly from November's eight-month low to its fastest since data collection began in October 2009.
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