US Services Activity Accelarates
The S&P Global US Services PMI rose to 55.2 in October of 2025 from 54.2 in the previous month, well above market expectations of 53.5 to mark the second-sharpest pace of growth in the sector this year, solely behind the 55.7 July.
Flows of new orders rose at the fastest pace this year amid signs of improving domestic demand, which were enough to offset lackluster new business from foreign clients. The higher demand for capacity drove firms to increase the pace of job growth, making up for employers' observation that the labor market lacks suitable candidates to replace leavers.
On the price front, input cost inflation was the highest in three months, largely due to higher wage costs and tariffs on imported goods. Still, output charges rose at a softer pace. Still, business sentiment about future output deteriorated.
Source: Tradingeconomics.com
