US Service sector output growth slows in April

Adjusted for seasonal influences, the Markit Flash U.S. Services PMI™ Business Activity Index 1 registered 54.2 in April, down from 55.3 in March. The headline ‘flash’ PMI figure, which is based on approximately 85% of usual monthly replies, remained well above the neutral 50.0 value, to signal a…

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US Service sector output growth slows in April