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via wsj.comEconomy

US services sector activity expands again in October, PMI at 54.5

FROM THE WIRE · WSJ.COM

The Institute for Supply Management's purchasing managers index for services providers was 54.5 in October, compared with 54.9 in September. Economists polled by The Wall Street Journal expected a reading of 54.8.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe reading is slightly below expectations and signals a still-expanding services economy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The ISM services PMI was 54.5 in October, versus 54.9 in September.
  2. 02Economists polled by the WSJ expected 54.8.
  3. 03The reading remains above the 50 threshold that signals expansion.

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