US services PMI two indicators decline… ISM price index 73
Original headline미 서비스업 PMI 두 지표 하락…ISM 가격지수 73
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US service-sector activity cooled in October, with the S&P Global services PMI falling to 56.1 from 58.8 in September and below the 57.9 flash reading, while the ISM services PMI slipped to 54.5 from 54.9 and missed the 54.8 consensus. Both gauges stayed above the 50 expansion threshold, but the ISM prices index remained elevated above 70 at 73, signaling persistent input-cost pressure even as growth moderates. The dual declines matter because they point to slowing momentum in the largest part of the US economy alongside sticky inflation in services. Watch next for whether the prices component eases in coming months and whether the pullback in new orders and business activity deepens below the expansion line.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
S&P Global, Institute for Supply Management, United States