Services PMI Remains Weak, Markit Chief Economist Estimates 1% GDP Growth

by Mike ‘Mish’ Shedlock
Mish Talk

The Markit Services PMI report shows service sector growth remains subdued in June. Data is from June 13 to 24.

The diffusion index reading for June is 51.3, nearly identical to the May reading of 51.2. Any reading above 50 shows expansion.

Employment expands at the slowest pace for a year-and-a-half.

Key Points

Continue Reading at…