S&P Global stock price history for December 2024.
Services PMI comes in at 50.8, 11th consecutive month of growth
- November was 50.5
- The smallest stock dividend was 50.4.more about introductory reading here)
From the report, in summary:
- Growth of services activity in line with stronger new business, supported by rising market demand.
- Export orders increased for the first time in four months, driven by higher demand from the US and Asia.
- Business confidence climbed to its highest level since May 2022, boosted by hopes for lower interest rates and opportunities from the 2025 elections.
- Employment fell for the first time since August 2021, reflecting reduced capacity pressure and challenges in securing skilled labour. However, not too much work was thrown away.
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Prices:
- Input costs rose at the fastest pace in three months due to higher materials, transportation and wage costs.
- Companies increased production costs to combat rising costs, although price increases remained below the long-term average.
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Complex 50.2
- November was also 50.2
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- the third consecutive month of marginal growth in the private sector
- Expansion was limited to the services sector, as manufacturing output was declining.
- Employment declined across the private sector, along with a reduction in remaining employment.
- Input costs and output prices rose at a faster pace.
- Improved across both the manufacturing and service sectors by the end of the fourth quarter.
This article was written by Eamonn Sheridan at www.forexlive.com.
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