U.S. October PMI data signals economic slowdown, with Composite PMI falling to 55.9 and Services PMI to 56.1.
Macro & Markets ·
U.S. October PMI data showed economic deceleration, with the Composite PMI declining to 55.9 from 58.4 and Services PMI falling to 56.1 from 58.8. The sequential drops signal slower economic activity across both measures.