Growth in US Business Activity Picks Up on Strength in Services
- S&P Global’s flash October gauge edges up to 54.3 from 54
- Composite future output index highest in since May 2022
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US business activity expanded at a solid pace through most of October on resilient services demand, while expectations rebounded to a more than two-year high.
The S&P Global flash composite output index edged up 0.3 point to 54.3 despite a third straight month of declining factory output. Figures higher than 50 indicate expansion.