JPMorgan Global PMI: Global Report on Services - September 5, 2013
Service Sector Growth Accelerates Further in August
Growth of the global service sector accelerated to a two-and-a-half year high in August. The JPMorgan Global Services Business Activity Index — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — posted 56.1, up from 54.9 in July, to signal expansion for the forty-ninth month in a row.
The US, the UK and Ireland recorded by far the steepest rates of expansion in output of the nations covered, with growth hitting 30-, 80- and 78-month highs respectively. The upturns in Japan and China also accelerated, while growth returned to the euro area and Russia.