New US order growth strongest since April 2022

New US order growth strongest since April 2022

From pmi.spglobal.com

Growth momentum built in the US service sector during November. Marked increases in both business activity and new orders were signaled during the month, with rates of expansion accelerating. Companies remained wary of committing to new hires, however, and lowered employment marginally again. This contributed to an accumulation of outstanding business. While input costs continued to increase sharply, the pace of inflation eased in November and output prices rose at the slowest pace in four-and-a-half years. The seasonally adjusted S&P Global US Services PMI® Business Activity Index rose to 56.1 in November, up from ... (full story)

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