4Q 2017 services revenue grew 2.4 percent from previous quarter and 5.2 percent year-on-year

Advance U.S. selected services total revenue for the fourth quarter of 2017 rose 2.4 from the third quarter of 2017 and was up 5.2 percent from the fourth quarter of 2016.

READ MORE

IHS Markit Services Business Activity Index dipped .8 points in December

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.

READ MORE 

Service sector revenue rose 3.2 percent in 2Q 2017, up 6.2 percent year-on-year

U.S. selected services total revenue for the second quarter of 2017, rose by 3.2 percent from the first quarter of 2017 and up 6.2 percent from the second quarter of 2016.

READ MORE

Service sector index rose 1.4 points in July

The NMI® registered 55.3 percent, which is 1.4 percentage points higher than the July reading of 53.9 percent. The non-manufacturing sector has rebounded from the prior month's cooling-off period. The majority of respondents are optimistic about business conditions going forward.

READ MORE

IHS Markit: July services sector index grew at fastest pace since January

The seasonally adjusted IHS Markit U.S. Services Business Activity Index registered 54.7 in July, up from 54.2 in June. The latest reading signalled the largest expansion of business activity since January and the fourth consecutive month of accelerated growth.

READ MORE

IHS Markit: Services Business Activity Index rose for third straight month in June

The seasonally adjusted IHS Markit U.S. Services Business Activity Index registered 54.2 in June, up from 53.6 in May. This signalled a third month of accelerated growth in business activity among US service providers. Panellists linked growth to increased new orders and strong client demand. Overall, activity during the second quarter expanded at a solid pace that was only fractionally softer than that seen in the first quarter.

READ MORE

Flash U.S. Composite Output Index rebounds modestly in May

The seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index revealed a modest rebound in private sector business activity growth in May.

At 53.9, up from 53.2 in April, the headline index pointed to the strongest upturn in U.S. private sector output since February. Faster business activity growth was driven by the service sector (‘flash’ index at 54.0 in May), which more than offset the weakest rise in manufacturing production since September 2016 (‘flash’ output index at 53.3).

BuilderBytes' MetroIntelligence Economic Update for 11/5/15

Please click here to see the edition of BuilderBytes for 11/5/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs grew by 182,000 in October
• Manufacturing sector index remained mostly flat in October
• Service sector economy growth rose to 2.2 percent for October
• Factory orders dipped by one percent in September

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 8/6/15

Please click here to see the edition of BuilderBytes for 8/6/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs added 185,000 from June to July
• Factory orders rebounded strongly in June
• Manufacturing sector index fell in July but still into positive territory
• Service sector economy index jumped sharply in July

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/7/15

Please click here to see the edition of BuilderBytes for 4/7/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Job growth dipped in March to 126,000 as hiring likely took a temporary break
• Manufacturing sector grew in March, albeit at slower rate
• Service sector economy growth remained strong in March

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/5/15

Please click here to see the edition of BuilderBytes for 3/5/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs up by 212,000 from January to February
• Manufacturing sector index fell slightly in February due partly to West Coast port strike
• Service sector economy index rose slightly in January
• Personal income rose in January as consumer spending dipped

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 12/04/14

Please click here to see the edition of BuilderBytes for 12/04/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs grew by 208,000 from October to November
• Labor productivity grew by 2.3 percent in third quarter of 2014 due to higher output
• Construction spending rebounds 1.1 percent in October
• Manufacturing sector economy expanded in November on strong demand and new orders
• Service sector economy index expanded sharply in November

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 11/6/14

Please click here to see the edition of BuilderBytes for 11/6/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• ADP Employment Report shows 230,000 new jobs from September to October
• Manufacturing sector index continued to expand in September for 17th straight month
• Service sector economy continued to grow in September, but rate of expansion slowing down
• Durable goods orders fell for second straight month in September; decline likely to be temporary
• Mortgage applications fall by 2.6 percent in latest survey as rates rise slightly

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.