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Monday, August 25, 2014

US Markit services PMI 58.5 vs 58.0 expected

Preliminary reading on the August services PMI from Markit:

Prior was 60.8

Composite PMI at 58.8 vs 60.6 prior

The ‘consensus’ is a bit of a moving target for this low-tier indicator. Reuters has it at 59.5 and Bloomberg 58.0. Very few economists forecast this data point

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