By Jill Mislinski
The August US Services Purchasing Managers' Index conducted by Markit came in at 55.0 percent, up 5.0 from the final July estimate of 50.0. The Investing.com consensus was for 54.8 percent.
Here is the opening from the latest press release:
Commenting on the latest survey results, Chris Williamson, Chief Business Economist at IHS Markit, said:
"Surging inflows of new business helped propel service sector activity higher in August, with the sector growing at its fastest rate for almost one and a half years. Firms were often left struggling to meet demand and,