US October S&P Global Composite PMI Revised Down to 55.9 as Price Pressures Surge

Final readings show the S&P Global U.S. Composite PMI fell to a three-month low of 55.9 in October 2026, down from the preliminary estimate of 57.6 and September's 58.4. Concurrently, the Services PMI was revised down to 56.1 from 57.9 preliminary and 58.8 prior. While both indices remain in expansion territory above 50.0, output gains moderated across sectors. Business sentiment regarding future activity weakened to its lowest level since May amid elevated interest rates and political uncertainty. Meanwhile, output charges increased at the steepest pace since August 2022.