August 2015 US Markit services PMI data report 25 August 2015
- Prior 55.7
- New orders 54.8 vs 57.4 prior
- Prices charged 49.9 vs 51.8 prior. Lowest since Jun 2013
- Outstanding business falls
- Composite flash 55.0 vs 55.7 prior
- Output prices 50.1 vs 51.7 prior
- New orders fall to the lowest since Jan 54.8 vs 57.4 prior
It looks a sizeable miss but the above expectations were from Reuters. Bloomberg were expecting 55.1 so a wide margin between the main wires
It's not a big one for markets but in the ever greater focus on data the Fed will take note. There's not much to take from the report with the exception of falling prices which doesn't bode well for inflation
