The Markit Services PMI Index for the United States showed a rise of more than two points in October, rising to 56.9 from 54.6 in September and improving the 56 expected by the market.
The October result is the best seen by the indicator since April 2015.
According to the Markit statement, stronger demand conditions are driving a faster increase in production. The business expectations show a record jump since April 2018.
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Credits: Forex Street
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