US S&P Global Services PMI Final (Oct) 56.1 vs. Exp. 57.9 (Prev. 58.8)
ORIGINAL · NewsquawkUS S&P Global Services PMI Final (Oct) 56.1 vs. Exp. 57.9 (Prev. 58.8)Read originalHide original
Indicative of GDP rising at an annualised rate of over 4%. "The star of the upturn remains the tech sector, but encouragingly solid supporting performances are also being seen in consumer-facing sectors and financial services" "...worrying intensification of inflationary pressures..." and "...the overall signal is for inflation to rise further above the Fed’s target in the coming months.”
The October final Services PMI missed expectations and the previous reading; the report also indicated strong output alongside intensifying inflationary pressures.
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Indicative of GDP rising at an annualised rate of over 4%. "The star of the upturn remains the tech sector, but encouragingly solid supporting performances are also being seen in consumer-facing sectors and financial services" "...worrying intensification of inflationary pressures..." and "...the overall signal is for inflation to rise further above the Fed’s target in the coming months.”
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