Economic activity in the services sector grew in October for the 29th month in a row — with the Services PMI® registering 54.4 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 October, the Services PMI® registered 54.4 percent, 2.3 percentage points lower than September's reading of 56.7 percent. This is the lowest reading since May 2020, when the index registered 45.2 percent. The ... (full story)