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Wednesday, 5 July 2017

Services sector expanding faster

Expansion territory

AIG's Performance of Services Index (PSI) rose by +3.3 points to 54.8 in June.

Source: AIG

In fact, all of the indices have moved strongly above the 50 level denoting expansion from services (54.8), to manufacturing (55.0), and construction (56.7).

All good signs for the economy here. 

More details here from David Scutt at Business Insider.