United States: Markit PMI: Services: Preliminary

Macro

2026-08-21

Description

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Published by
Markit (Choice)
Frequency
Monthly
Next Update

AI Data Insight

The latest US S&P Global Flash Services PMI for Q3 2026 jumped to 56.8, significantly exceeding market expectations of 54.0 and the previous reading of 53.6, indicating a strong expansion in the services sector. Both new orders and employment growth have rebounded, while inflationary pressures from input costs have begun to cool. The robust data not only supports the view of a soft landing for the US economy but also suggests that the Federal Reserve may remain cautious regarding the pace of future interest rate cuts.

AI Data Insight

The latest US S&P Global Flash Services PMI for Q3 2026 jumped to 56.8, significantly exceeding market expectations of 54.0 and the previous reading of 53.6, indicating a strong expansion in the services sector. Both new orders and employment growth have rebounded, while inflationary pressures from input costs have begun to cool. The robust data not only supports the view of a soft landing for the US economy but also suggests that the Federal Reserve may remain cautious regarding the pace of future interest rate cuts.

Description

-

Published by
Markit (Choice)
Frequency
Monthly
Next Update