Business activity in the United States grew slightly less in February than in the previous month. The British market researcher Markit reported this on the basis of provisional figures.
The purchasing managers’ index for the American industry recorded a score of 50.8 for February compared to 51.9 a month earlier. Economists generally counted on a score of 51.5. A position above 50 indicates growth, below which shrinkage.
Markit also released the service sector index in the US. He recorded a level of 49.4 against 53.4 in January. The composite index went from 53.3 to 49.6.
Sales of existing homes in the United States fell by 1.3 percent in January compared to the previous month. The American branch association of brokers reported this.
The decrease is slightly less strong than expected. Economists generally took into account a decrease of 1.8 percent. In December there was an increase with a revised 3.9 percent.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.dekramer@economicinform.com
