Markit Services PMI reflects the level of activity in the US private service companies for the given month. The indicator calculation is based on the surveys of representatives of private companies from the service sector. The survey covers transport companies, financial organizations, IT companies, hotel and restaurant businesses, telecommunication providers, etc. The survey considers the number of orders, the volume of work done, employment and price trends in the industry.
The index reflects the conditions of doing business in the service sector.
Readings above 50 can have a positive effect on US dollar quotes.
The chart of the entire available history of the "Markit United States Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.