FX.co ★ U.S. Services Sector Accelerates as S&P Global Services PMI Rises to 55.2 in October

In October 2025, the U.S. services sector sustained its growth momentum, as evidenced by the latest S&P Global Services PMI reading of 55.2. This marks a notable increase from September's level of 54.2, signaling a continued expansion in business activity and economic resilience within the sector.

The uptick in the PMI, which reflects service sector business conditions, suggests robust demand across industries such as finance, healthcare, and technology, despite broader macroeconomic challenges. Such growth is indicative of a strong consumer base and resilient corporate investments, both crucial factors that contribute to the enhanced performance seen in October.

As updated on October 24, 2025, these figures present an optimistic outlook for the final quarter of the year. Businesses are likely gearing up for further expansion, hiring, and investment, instilling confidence among investors and policymakers. This positive indicator comes amid ongoing adjustments in global trade patterns and shifting economic conditions, reaffirming the pivotal role of the services sector in the overall economic landscape of the United States.