U.S. Service Sector Shows Resilience With October ISM Index Rising to 52.4 Despite Price Pressures

Business activity and new orders rebound while employment remains weak and inflation concerns mount The American service sector demonstrated continued expansion in October, though the broader economic picture remains uncertain as businesses grapple with inflation concerns and labor market challenges. The Institute for Supply Management (ISM) services index climbed to 52.4 last month, reflecting improved […]