ISM Services PMI Indicates Continued Expansion in October with Rising Prices
The ISM Services PMI registered 54.5% for October 2026, marking the 28th consecutive month of expansion in the services sector. While the reading represents a slight decrease from September's 54.9%, core components like business activity and new orders remain in growth territory, despite seeing moderate declines from previous levels. Inflationary pressures persist as the Prices Index reached 73%, its seventh time exceeding the 70% threshold in eight months. While employment saw a slight uptick to 51.4%, supplier deliveries slowed significantly, suggesting increased demand and potential supply chain tightening. The report highlights a resilient services sector characterized by growing backlogs and returning strength in new export orders.
Topics: Economic Expansion Inflationary Pressures ISM Services PMI Services Sector
Read the full article at PR Newswire
Part of the story ISM Services PMI Indicates Continued Expansion in October with Rising Prices (2 articles)