USA: services continue to expand in October

(CercleFinance.com) - The US services PMI calculated by S&P Global eased slightly in October to 55 from 55.
2 the previous month, but remained well above the 50 mark that marks the boundary between expansion and contraction in the sector's activity.

S&P Global thus observed sustained growth in activity and new business, while employment continued to fall marginally and producer prices saw their weakest rise in almost four and a half years.

Published separately, the Institute for Supply Management (ISM) index, for its part, points to accelerating growth in the US non-manufacturing sector, coming in at 56 for the past month, compared with 54.9 in September.

Copyright (c) 2024 CercleFinance.com. All rights reserved.