New orders for services fell to 59.8, down from August's 60.9 and missing the 60.3 projection. Production also decelerated, dropping to 56.5 from 61.7 in the previous month. The widening gap between softening demand and rising costs suggests renewed inflationary pressure within the non manufacturing economy.
Tuesday, October 20, 2026
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US ISM Service Prices Hit 50 Month High of 74.0
US Markets16 days ago
The US service sector saw its growth rate decline to 54.9 in September, missing economists' forecasts of 55.0 and the August reading of 55.4. While expansion slowed, price pressures intensified as the Prices Paid index climbed to 74.0, surpassing the expected 50 month high of 73.3. Laboring conditions showed improvement, with the employment index rising to 50.1, beating the 48.8 estimate and climbing from 47.8 in August.
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