trending Market Intelligence /marketintelligence/en/news-insights/trending/e6uxhvhjwj-h4a2tnweicq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US private sector posts weakest output growth since May 2017

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


US private sector posts weakest output growth since May 2017

U.S. private sector output expanded at its weakest pace in more than a year as a slowdown in service sector growth offset a strong increase in manufacturing production, IHS Markit reported.

The seasonally adjusted IHS Markit flash U.S. composite PMI output index hit its lowest level since May 2017, falling to 53.6 in early December from 54.7 in the previous month. An index reading above 50 indicates overall growth.

The flash services PMI business activity index dropped to an 11-month low of 53.4 from 54.7. The flash manufacturing PMI also slumped to a 13-month low, falling to 53.9 from 55.3.

The flash manufacturing output index was unchanged at 54.3, although the near-term outlook has become less favorable amid weaker growth in new business orders, IHS Markit said.

"New order inflows hit the lowest since April of last year, and expectations regarding future business growth have slipped to the lowest for two-and-a-half years," IHS Markit chief business economist Chris Williamson said, noting that output growth may continue to fade going into 2019.

"The surveys reveal greater caution in relation to spending amid uncertainty about the economic outlook, linked in part to growing geopolitical concerns and trade wars," Williamson added.