U.S. EconomyIMPORTANT
US ISM Services PMI (Oct) 54.5 vs. Exp. 54.8 (Prev. 54.9)
ORIGINAL · NewsquawkUS ISM Services PMI (Oct) 54.5 vs. Exp. 54.8 (Prev. 54.9)Read originalHide original
“The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for October (54.5 percent) corresponds to a 2-percentage point increase in real gross domestic product (GDP) on an annualized basis.”
StockNow breaking-news AI analysis
The October US Services PMI was 54.5, below expectations and the prior reading; the quoted report relates it to a 2-percentage-point annualized real GDP increase.
News detail
“The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for October (54.5 percent) corresponds to a 2-percentage point increase in real gross domestic product (GDP) on an annualized basis.”
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