U.S. service sector slows in October; price pressures build up – ISM survey

Written by on November 3, 2022

WASHINGTON, Nov 3 (Reuters) - The U.S. services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses continued to face higher prices for inputs, confirming that inflation was shifting to services from goods.

The Institute for Supply Management (ISM) said on Thursday its non-manufacturing PMI fell to 54.4 last month, the lowest . . .



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