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US ISM Services PMI Slips to 54.5 in October as Orders Cool

The Institute for SupplyHow much sellers are willing to offer at a given price. More eager sellers can lean on price.Read More Management services purchasing managers index fell to 54.5 in October 2026 from 54.9 the previous month, below a 54.8 consensus, according to the 4 November release shown on ForexFactory and FXStreet. The new-orders index decreased to 55.9 from 59.8, while the employment index improved to 51.4 from 50.1. Prices paid remained elevated at 73.0. The headline is still above 50, which indicates expansion rather than contraction.

US services sector growth moderated in October 2026, with the ISM Services PMIISM Services PMI refers to theISM Services PMI (formerly the ISM Non-Manufacturing Index) provides a detailed look at the economy from a non-manufacturing standpoint. The term b...Read More declining to 54.5 from 54.9 in September, missing MarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More expectations of 54.8. New orders slowed to 55.9 from 59.8, signalling softer DemandHow much buyers want at a given price. Stronger demand can make buyers compete with higher offers.Read More, while the employment index improved to 51.4 from 50.1. Meanwhile, the prices-paid index remained elevated at 73.0, highlighting persistent cost pressures. Despite the slowdown, the PMI remained above 50, indicating continued expansion in the US services sector.

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