Summary
- The U.S. September services PMI came in at 58.8, slightly above the market forecast of 58.7.
- The U.S. September S&P Global composite PMI was 58.4, matching both the market forecast and the previous reading of 58.4.
- A PMI reading above 50 indicates economic expansion, while a reading below 50 signals contraction.
Forecast Trend Report by Period
U.S. services activity in September came in slightly above market expectations, while the composite Purchasing Managers' Index matched forecasts.
The U.S. services PMI stood at 58.8 in September, edging above the market forecast of 58.7, data released on October 5 showed. The previous reading was also 58.7.
Over the same period, the S&P Global composite PMI came in at 58.4, matching both the market forecast and the previous reading of 58.4.
A PMI reading above 50 indicates economic expansion, while a reading below 50 signals contraction.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.