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Here comes Markit services PMI ...

Akin OyedeleAug 25, 2016, 18:54 IST

English teacher Radka Tomasek speaks to the class at the English Center June 16, 2006 in Miami, Florida.Joe Raedle/Getty Images

Markit Economics will publish its early survey of the US services sector in August at 9:45 a.m. ET.

According to Bloomberg, economists estimate that the purchasing manager's index rose to 51.8 from 51.4 in July. A reading above 50 indicates that the sector is still expanding.

Markit's prior report showed that although the sector is still in expansion, it is not sending stronger signals for economic growth in the third quarter compared to Q1 and Q2. The July survey showed that employment remained strong.

Services contribute to most of the US economy's growth and job creation.

More to come ...

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