The S&P Global US Services PMI eased to 57.9 in October 2026 from 58.8 in September and marginally below market expectations of 58, according to the flash estimate. The latest reading marked the seventh successive month of growth in business activity, with the pace of expansion remaining among the strongest recorded since 2011, despite a slight moderation from the previous month. New business growth accelerated to its strongest pace since March 2022, reflecting rising domestic demand. Also, services exports recorded the largest increase since July 2023.