S&P Global Flash U.S. Services PMI Exceeds Expectations in October
CNBC TelevisionNovember 5, 20251 min2,889 views
7 connections·11 entities in this video→U.S. Services PMI Data
- 📊 The S&P Global Flash U.S. Services PMI for October came in at 55.2, exceeding the expected 53.5.
- 📈 This figure represents the best performance for the services sector since July.
- 💡 The preliminary PMI reading of 52.2 also surpassed expectations and was the best since August.
Composite and Economic Context
- 🚀 The composite PMI reached 54.8, marking the highest level since July and indicating a stronger-than-expected economic performance.
- 📉 This data follows cooler-than-expected CPI numbers, though still above the Fed's 2% target.
- ⚠️ Despite recent data, yields on the 10-year Treasury are back at 4%, and the 2-year Treasury is at 3.48%, both up on the week.
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S&P Global Flash U.S. Services PMIOctober PMIEconomic DataComposite PMICPI DataFederal Reserve Target10-Year Treasury Yield2-Year Treasury YieldRick Santelli
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