3 November 2022
S&P Global’s Services PMI final print for October was 47.8 (better than the flash print of 46.6 but lower than September’s 49.3). This is the 4th straight month of contraction according to this signal. ISM Services fell from 56.7 to 54.4 in October (worse then the 55.3 expected). This is the weakest print since May 2020.