Farewell from me for 2014: US service sector growth slowed sharply in December with Markit's flash PMI gauge falling to 53.6

David Scutt

Scutt Partners

Farewell from me for 2014: US service sector growth slowed sharply in December with Markit's flash PMI gauge falling to 53.6. The figure, below the 56.2 level of November and expectations for an increase to 56.9, was the lowest level seen since February. In what is a slightly concerning development for the largest sector within the US economy growth has now decelerated for 6-straight months with gauges on new business activity, a lead indicator for future activity, and employment falling to lows not seen since March and April respectively. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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