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US Services PMI at 56.7%; September 2022 Services ISM Report On Business
Economic activity in the services sector grew in September for the 28th month in a row — with the Services PMI® registering 56.7 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In September, the Services PMI® registered 56.7 percent, 0.2 percentage point lower than August's reading of 56.9 percent. The Business Activity Index registered 59.1 percent, a decrease of 1.8 percentage ... (full story)
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A gauge of prices paid by services industries for inputs dropped to 68.7, the lowest reading since January 2021, from 71.5 in August.
— PiQ (@PriapusIQ) October 5, 2022
It mirrored a decrease in the manufacturing survey, raising hope that inflation had peaked.
- Reuters via https://t.co/wXVagA44VK https://t.co/W9HkLtYabS
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