US PMI Composite Eases to 57.6 as Selling Prices Rise Fastest Since 2022

US private-sector activity continued expanding strongly in October, with PMI Composite easing from 58.4 to 57.6, but remaining at its second-highest level since March 2022. PMI Services moderated from 58.8 to 57.9, matching expectations, while PMI Manufacturing edged up from 55.9 to 56.0, exceeding the 55.6 consensus and reaching a 53-month high. Manufacturing output growth […]

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