US: Markit PMI service index will stay around its current level in November – Danske Bank

Research Team at Danske Bank, suggests that the week concludes with the preliminary US Markit PMI service index for November today.

Key Quotes

“The index has been right about lower growth in H1 and has been less volatile than the ISM non-manufacturing index, which has jumped up and down recently. The index increased to 54.8 in October, which together with solid levels for the ISM non-manufacturing index is a good sign that growth will be solid in H2. We believe the Markit PMI service index will stay around its current level in November, suggesting that the service sector is growing at a solid pace.”