FX.co ★ US Services Activity Growth Remains Robust

The S&P Global US Services PMI slipped to 57.9 in October 2026 from 58.8 in September, coming in just under market expectations of 58, according to the flash estimate. Despite this slight moderation, the latest reading signaled a seventh consecutive month of expansion in business activity, with growth remaining among the strongest seen since 2011. New business inflows accelerated to their fastest pace since March 2022, driven by stronger domestic demand, while services exports recorded their largest increase since July 2023.