Services Sector Survey Surge Sparks US Growth Rebound Hopes In August

Services Sector Survey Surge Sparks US Growth Rebound Hopes In August After a relatively ugly series of disappointing macro data - and a hectic week of interventions - preliminary August data from S&P Global's PMI survey was expected to signal a slowdown in growth for the US economy (but still growth). But, the respondents had other things on their mind as while Manufacturing slipped, the Services sector of the economy soared Flash US Services PMI Business Activity Index: 56....

By Tyler Durden