U.S. ISM Services PMI Slows Slightly in September
The U.S. services sector grew at a slightly slower pace than expected in September, with the Institute for Supply Management (ISM) reporting a Services PMI of 54.9 compared to 55.4 in August. The reading indicates continued expansion but highlights ongoing challenges such as rising costs and supply chain disruptions. The slowdown was more pronounced than anticipated by analysts who had forecasted a modest dip, though the index remains above the 50 threshold that separates growth from contraction. This suggests resilience in the services sector despite broader economic headwinds.
