Services PMI slows to 54.5 while 12-month prices index hits 2023 high

Community Trust Score Verified 93 % Real Verified 15 votes Updated 3 minutes ago The Institute for Supply Management (ISM) reported that the October US services Purchasing Managers’ Index (PMI) fell to 54.5, down from September’s 54.9. The reading remained above the 50 threshold, indicating that services activity continued to expand, albeit at a slower pace than the previous month. While the monthly prices index eased to 73 from 74, the 12-month average prices index rose to 69.2. This level is the highest recorded since April 2023.

Source: The Currency Analytics