U.S. preliminary services purchasing managers' index (PMI) climbs to 57.8 in April

Market news

27 April 2015

U.S. preliminary services purchasing managers' index (PMI) climbs to 57.8 in April

Markit Economics released its preliminary services purchasing managers' index (PMI) for the U.S. on Monday. The U.S. preliminary services purchasing managers' index (PMI) declined to 57.8 in April from 59.2 in March, beating expectations for a decrease to 57.4.

A reading above 50 indicates expansion in economic activity.

The decline was driven by a decrease in new business growth.

The Markit Chief Economist Chris Williamson said that "he economy as a whole picking up speed again after a temporary soft patch at the start of the year".

The preliminary employment at service companies climbed to 55.4 in April from 54.0 in March.

Spanish Prime Minister Mariano Rajoy said on Monday that the Spanish economy is expected to expand at 2.9% in 2015, up from a previous estimate of a 2.4% rise

Germany’s economy is expected to expand at around 2.25% in 2015

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.