- Prior month 54.8. Preliminary 55.0
- S&P Global services PMI for November 54.1 versus 55.0 preliminary
- S&P Global composite final for November 54.2 versus 54.8 preliminary. Last month 54.6.
Details from S&P Global
US Services & Sector PMI — Key Takeaways
All seven U.S. sectors expanded in November, continuing growth seen in October.
Most sectors grew at a slower pace, though Financials, Consumer Goods, and Industrials recorded faster expansions.
Strongest-Performing Sectors
Financials remained the top performer
Activity rose at a sharp, accelerated pace.
Fastest expansion since December 2024.
Consumer Goods ranked second in growth
Production volumes grew at the fastest pace since April 2022.
Growth partly driven by a survey-record buildup of finished goods inventories.
New orders slowed, rising at the weakest pace since April.
Industrials saw stronger expansion
Business activity growth accelerated to the fastest in three months.
Weaker Momentum Sectors
Basic Materials
Posted the slowest rise in output since July.
Technology
Sector remained in expansion but saw the largest loss of momentum.
Output growth was the weakest in six months, though still solid.
Consumer Services
Weakest-performing sector overall.
Activity increased only marginally, at the slowest pace in four months.
The more followed ISM non-manufacturing PMI for November will be released at the top of the hour. The expectations of 52.1 versus 52.4 previously. For some of the components:
- nonmanufacturing business activity 54.3 last month.
- Employment 48.2 last month.
- New orders 56.2 last month.
- Prices paid index 70.0 last month
Lower on the day versus all the major currencies with the GBPUSD the biggest mover (up 0.76%). The price is looking to test its 200 day moving average at 1.3319. The high price today has reached 1.33160 so far. There should be apprehension and a battle at the level.
US yields are lower with the 10 year down at -3.0 basis points. The two-year is down -3.5 basis points.
