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Here comes Markit services PMI ...

Akin OyedeleDec 3, 2015, 19:57 IST

Sarah Jacobs

This morning, Markit Economics and the Institute of Supply Management will publish their monthly reports on America's services sector.

Markit's services Purchasing Manager's Index (PMI) is forecast at 56.5, unchanged from the prior month, according to Bloomberg.

And, ISM's non-manufacturing composite is expected at 58, down from 59.1.

Markit's data will be released at 9:45 a.m. ET, and the ISM's at 10:00 a.m.

In the prior report, Markit chief economist Chris Williamson said that the November survey data is critical because it would give us a reliable idea of business conditions in the fourth quarter.

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