October 1, 2022

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USA, BMI Index: Strong growth for services in November – Economy and Finance

(Teleforza) – The service sector in the United States is expanding in November, Although at a lower rate than the previous month. The final PMI for services manufactured by Markit rose to 58 points from 58.7 points in the previous month, well above the initial estimate of 57 points. The code, which represents a survey of purchasing managers of companies operating in the tertiary sector, is however confirmed. Above the 50-point limit, Which acts as a watershed between expansion and contraction.

This also decreasesCollective code, Which also takes into account the change in manufacturing PMI from 57.2 points compared to 57.6 points in the previous month and 56.5 points in the flash rating.

“Business activity in the United States continued to grow at a steady pace in November, adding to the signs Economic growth accelerates in fourth quarter following recession triggered by wave of delta variation In the third quarter, “Chris Williamson, chief business economist at IHS Markit, commented.” Although the reopening of the economy did not match the growth seen at the beginning of the year – the fourth quarter expansion – he added. Should score higher than the long-term course of the economy The definitive end of the year“.

“Growth is unbalanced, however, and the manufacturing sector is driven by services because of supply shortages and, in some cases, largely controlled by labor supply problems,” Williamson explained. Restrictions also increasingly affect service providers, Witnessing an accumulation of incomplete orders in November, companies often do not have the capacity to meet the demand.

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