Highlights from the March 2016 US Markit services PMI flash report
– New orders 50.8 vs 52.1 prior
– Composite flash 51.0 vs 50.0 prior
– New orders 51.2 vs 52.2
Missed expectations but the important news is it’s back in expansion. New orders are down a touch but that’s a small negative today. Prices charged are at the highest since Nov.