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The S&P Global Services Purchasing Managers’ Index (PMI) for the United States edged down in October 2026, pointing to a modest cooling in the pace of expansion in the services sector. The indicator slipped to 57.9 in October from 58.8 in September 2026.
Despite the decline, the October reading remains well above the 50-point threshold that separates expansion from contraction, indicating that U.S. services activity continues to grow, albeit at a slightly slower rate than in the prior month. The latest data, updated on 23 October 2026, suggests that while momentum in the services economy has tempered, overall conditions remain robust heading into the final quarter of the year.
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