March Markit Services PMI: "Fastest Rise In Business Activity Since July 2014 As New Order Growth Reaches Six-Year High"

Markit Services PMI

Both series weakened since 2015 and saw an uptick in the latter half of 2016. The interim three-month moving average of the Markit Services index peaked in August of 2014. The ISM index peaked in September of 2015. The two were fairly closely aligned at the beginning of 2016, but they diverged early with the Markit index signaling noticeably weaker growth.

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