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JPMorgan Global PMI: Global Report on Services - November 6, 2013

Service Sector Expansion Accelerates

The JPMorgan Global Services Business Activity Index — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — rose to a 32-month high of 56.4 in October.

Business activity has risen in each month since August 2009. The latest expansion was broad-based, with growth signaled by almost all of the nations for which October services PMI data were available. The exceptions were Spain (which saw a marginal decrease in output), India — where the rate of contraction eased sharply — and Australia.



JPMorgan Global PMI: Global Report on Services - November 6, 2013 - 111KB - (PDF)

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