États-Unis PMI non industrielles

The ISM Services PMI in the US unexpectedly jumped to 56 in October 2024, the highest since August 2022, from 54.9 in September and beating forecasts of 53.8. The strong gain was mostly driven by a rebound in employment (53 vs 48.1) and slower supplier delivery performance (56.4 vs 52.1), after two months in contraction or ‘faster’ territory. In addition, price pressures eased a bit (58.1 vs 59.4). On the other hand, slower increases were recorded for business activity/production (57.2 vs 59.9), new orders (57.4 vs 59.4) and inventories (57.2 vs 58.1) while backlog of orders (47.7 vs 48.3) shrank more. "Concerns over political uncertainty were again more prevalent than the previous month. Impacts from hurricanes and ports labor turbulence were mentioned frequently, although several panelists mentioned that the longshoremen’s strike had less of an impact than feared due to its short duration”, Steve Miller, Chair of the ISM Services Business Survey Committee said.