Markit Services PMI Index rises to 58.4 in November, highest in five years

EThe Markit PMI Service Sector Index rose in November to 58.4, data that implied an improvement with respect to the preliminary reading of 57.7 and that of October of 55.9. It is the highest reading in more than five years.

The composite index rose from 56.3 to 58.6.

The data had no impact on the market. The ISM Service Sector Index will now be released. Previously, a better than expected data was known in the requests for unemployment benefits.

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