October ISM Service PMI advances more than expected as new orders accelerate

[Medium wide shot of male warehouse worker checking orders at computer workstation in warehouse]
Thomas Barwick

The U.S. ISM Services Index rose to 52.4 in October, beating the 50.7 consensus, from 50.0 in the earlier month, according to data released by the Institute for Supply Management on Wednesday.

MORE ON THE U.S. ECONOMY

* Macro Insights: Growing Fear, Market Signals, And 'Smart Money' [https://seekingalpha.com/article/4837520-macro-insights-growing-fear-market-signals-and-smart-money]
* Equities Slide, Greenback Is Bid, While Yen Recovers With More Verbal Intervention [https://seekingalpha.com/article/4837340-equities-slide-greenback-bid-yen-recovers]
* Hedgers Capitulate As Bullish Sentiment Rises In Options [https://seekingalpha.com/article/4837260-hedgers-capitulate-as-bullish-sentiment-rises-in-options]
* U.S. Treasury lowers borrowing guidance for last quarter of CY2025 by $21B [https://seekingalpha.com/news/4513509-us-treasury-lowers-borrowing-guidance-for-last-quarter-of-cy2025-by-21b]
* ISM Manufacturing PMI unexpectedly worsens in October [https://seekingalpha.com/news/4513064-ism-manufacturing-unexpectedly-drops-in-october]