JPMorgan Global PMI: Global Report on Services - April 4, 2012
Growth of Global Service Sector Remains Robust in March
The global service sector maintained its robust start to 2012. March PMI data pointed to ongoing growth of both business activity and incoming new work, with rates of expansion only slightly below February's one-year peaks.
The JPMorgan Global Services Business Activity Index posted 55.2 in March, from 56.3 in February, a reading broadly in line with the long-run series average of 54.9. Business activity has now expanded in each of the past 32 months.