The Services PMI—at 54.4 (a reading of 50 or higher signals growth)—fell 2.3% compared to September, growing, at a slower rate, for the 29th consecutive month, with services sector growth intact for 151 of the last 153 months through October. What’s more, the October Services PMI reading came in at its lowest level going back to May 2020’s 45.2.
source https://www.supplychain247.com/article/services_economy_output_grows_in_october_while_declining_sequentially_repor
source https://www.supplychain247.com/article/services_economy_output_grows_in_october_while_declining_sequentially_repor
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