November preliminary Markit services PMI
- Ninth consecutive month of expansion
- Prior was 54.8
- New orders 55.5 vs 54.2 prior
- New orders highest since Nov 2015
- Composite index at 54.9 vs 54.9 prior
- 'Prices charged' lowest since April
There is plenty of good news here but the inflation pressures are still low. Then again, inflation is a lagging indicator so the solid numbers otherwise should filter through.