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Irish services sector rebounds from Brexit lows, PMI shows

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PMI services sector sees second straight month of decline in Dec, shrinks to 46.8

PMI services sector sees second straight month of decline in Dec, shrinks to 46.8*/

– India’s services industry ended 2016 on a sour note, contracting for a second month in a row in December as orders shrank amid a severe cash shortage, a private business survey showed on Wednesday.The Nikkei/Markit Services Purchasing Managers’ Index was little changed at 46.8 in December from November’s 46.7.A reading below 50 indicates contraction.
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Irish services sector rebounds from Brexit lows, PMI shows

Irish services sector rebounds from Brexit lows, PMI shows*/

– Growth in Ireland’s services strengthened in December, returning to near the level it had reached before Britain voted to leave the European Union, a survey showed on Thursday.After the reading for manufacturing activity rose to its highest level in 17 months earlier this week, the Investec Services Purchasing Managers’ Index improved to a five-month high of 59.1 in December from 56.0 in November.That kept the index well above the 50 mark that separates growth from contraction, after it fell to a three-and-a-half- year low of 54.6 in October from a near-perfect three-year run above the 60-mark before the referendum.
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China services sector activity rises to 17-month high in December: Caixin PMI

China services sector activity rises to 17-month high in December: Caixin PMI*/

– Growth in China’s services sector accelerated to a 17-month high in December, a private survey showed, adding to views that the world’s second-largest economy is entering the new year with stronger momentum.The strong pick-up mirrored improvements in manufacturing surveys earlier this week, as market watchers debate whether China’s leaders will settle for a more modest growth target this year in order to focus on more pressing issues such as an explosive growth in debt.The services PMI rose to 53.4 in December on a seasonally adjusted basis from 53.1 in November, the Markit/Caixin services purchasing managers’ index (PMI) showed.
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