December Markit PMI 53.5

The video discusses the market PMI, focusing on both manufacturing and services sectors. The manufacturing PMI is compared to the ISM index, with a current reading of 53.5, slightly below the previous 53.8. The services PMI is also slightly down at 53.3 compared to the prior 53.6. Both sectors show a minor decline from previous numbers, indicating a softer market performance for December.

What was the prior reading for the services side of the market PMI?

What can be inferred about the trend of the market PMI readings based on the provided data?