U.S. Service Sector Growth Remains Subdued, “Fragile”

by Mike ‘Mish’ Shedlock
Mish Talk

The Markit Services PMI diffusion index is hovering just above 50, the boundary between expansion and contraction.

Markit reports U.S. service sector growth remains subdued in April.

Key Points

  • Moderate expansion of service sector business activity during April
  • New business growth rebounds only slightly from March’s post-crisis low
  • Job creation eases to its weakest for six months

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