JPMorgan Global PMI: Global Report on Services - June 5, 2013
Global Service Sector Growth at Five-Month High in May
Growth of global services business activity accelerated to a five-month high in May, as inflows of new business improved at the fastest pace since February.
At 53.7 in May, up from 52.1 in April, the JPMorgan Global Services Business Activity Index — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — has signaled expansion for 46 consecutive months. The latest rate of growth was broadly in line with the average for that sequence of increase.