S&P Global Revises U.S. Composite and Services PMI Lower for October
S&P Global has released revised data for October, showing a significant downward adjustment to the U.S. Composite PMI. The index was revised down to 55.9 from an initial reading of 57.6, marking a decline from the September level of 58.4. The services sector also saw a notable downward revision, with the Services PMI adjusted to 56.1 compared to the preliminary estimate of 57.9 and the previous month's figure of 58.8. These revisions suggest a cooling in economic activity within both the broader composite index and the services sector during October.
Topics: PMI Services PMI Trade Deficit U.S. Economy
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Part of the story Japan Services PMI Rises to 51.7 in October Amid Slowing Composite Growth (2 articles)