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US Services Sector Activity Slows To Six-Month Low

Myles UdlandOct 27, 2014, 19:15 IST

US service sector activity remains solid but slowed to a six-month low in October.

The latest flash reading on US services PMI from Markit came in at 57.3.

Expectations were for the flash reading to come in at 57.8, down from last month's 58.5 flash reading and 58.9 final reading.

Any reading over 50 indicates expansion, while readings below 50 indicate contraction.

More to come ...