S&P Global Flash US Composite PMI Alert! The headline Flash US PMI Composite Output Index registered 47.3 in October, down from 49.5 in September. With the exception of the initial pandemic period, the rate of decrease was the second-fastest since 2009.
Challenging demand conditions and inflation concerns weigh on US private sector in October.
Key findings:
* Flash US PMI Composite Output Index (1) at 47.3 (September: 49.5). 2-month low.
* Flash US Services Business Activity Index(2) at 46.6 (September: 49.3). 2-month low.
* Flash US Manufacturing Output Index(