US services sector activity cools slightly in October; inflation remains elevated
The ISM services index slipped to 54.5, while new orders cooled and input prices remained elevated, signaling slower but steady expansion.
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7 Articles
The ISM Purchasing Managers’ Index for the US services sector fell slightly from 54.9 to 54.5, but the sector continues to show strong momentum. The employment component rose from 50.1 to 51.4, indicating an improvement in the labor market. The business activity indicator fell to 53.8 and the new orders indicator to 55.9, but both remained well above the 50-point level indicating growth. Price pressures eased only slightly, from 74 to 73, and th…
The growth of services in the United States has slightly lost momentum in October. Orders are slowing down, deliveries are growing longer and prices are rising.... Read more U.S. services are slowing down without dropping out appeared first on Le Singulier.
Service Sector Economic Activity Continued to Expand in October
Economic activity in the services sector continued to expand in October, according to the Institute for Supply Management. The ISM’s nonmanufacturing purchasing managers index registered 54.5, the 28th consecutive month in expansion territory. The Services PMI decreased 0.4 percentage point from… The post Service Sector Economic Activity Continued to Expand The post Service Sector Economic Activity Continued to Expand in October first appeared o…
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