U.S. Composite PMI inches up in October, driven by service sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
0mins
Source: SeekingAlpha
U.S. Composite PMI Increase: The S&P Global U.S. Composite PMI rose to 54.3 in October from 54.0 in September, indicating a slight acceleration in business activity at the beginning of the last quarter of the year.
Service Sector Growth: The increase in the Composite PMI was primarily driven by growth in the service sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
