S&P Global October Final Services PMI Indicates Slower Expansion

09:56 AM EST, 11/04/2026 (MT Newswires) -- The S&P Global US services index was revised downwards to 56.1 in October from the 57.9 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:50 am ET. The October index is below the 58.8 reading in September and indicates a slower pace of expansion. Regional services measures already released have been mixed. S&P Global noted an increase in new business and stronger demand. The confidence in the outlook decreased due to inflationary pressure and high interest rates.