Key Insights
- Manufacturing PMI increased from 49.8 to 50.
- Services PMI grew from 50.1 to 50.9.
- Composite PMI improved from 50.2 to 51.
On October 24, S&P Global released flash readings of PMI reports for October. The reports indicated that Manufacturing PMI improved from 49.8 in September to 50 in October, compared to analyst consensus of 50.
Services PMI increased from 50.1 to 50.9, while Composite PMI grew from 50.2 to 51. Numbers above 50 show expansion.
S&P Global commented: “The overall upturn was supported by expansions in activity at manufacturers and service providers at the start of the fourth…
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