The seasonally adjusted final IHS Markit U.S.
Services Business Activity Index registered 53.7
in December, down from 54.5 in November. The
latest index was higher than the earlier ‘flash’
reading (52.4) and indicated a solid increase in
business activity at US service providers. A number
of panel members suggested the upturn was due to
greater client demand and increased new order
volumes. However, the overall rate of activity
growth was the weakest since May and below the
series trend.
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Thursday, January 4, 2018
IHS Markit Services Business Activity Index dipped .8 points in December
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