{"id":1603555,"date":"2025-10-24T13:56:02","date_gmt":"2025-10-24T17:56:02","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1603555"},"modified":"2025-10-24T13:56:02","modified_gmt":"2025-10-24T17:56:02","slug":"pmis-show-us-business-activity-accelerated-in-october-at-second-fastest-pace-this-year","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/pmis-show-us-business-activity-accelerated-in-october-at-second-fastest-pace-this-year\/1603555\/","title":{"rendered":"PMIs Show US Business Activity Accelerated In October At Second-Fastest Pace This Year"},"content":{"rendered":"

PMIs Show US Business Activity Accelerated In October At Second-Fastest Pace This Year<\/span><\/p>\n

\n

US business activity growth accelerated in October to the second-fastest so far this year<\/strong>, according to early \u2018flash\u2019 PMI data, accompanied by the largest rise in new business seen in 2025 to date.<\/p>\n

Both Services and Manufacturing surveys increased more than expected in the preliminary October data (with Services continuing to lead)…<\/p>\n

<\/a><\/p>\n

\u201cOctober\u2019s flash PMI data point to sustained strong economic growth at the start of the fourth quarter,”<\/strong><\/em> according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, “with business activity picking up momentum across both manufacturing and services <\/strong>despite some reports of businesses being adversely impacted by the government shutdown.”<\/p>\n

The survey data are consistent with the economy expanding at a 2.5% annualized rate in October after a similar rise was signalled for the third quarter.<\/p>\n

<\/a><\/p>\n

But it wasn’t all unicorns and fairytales:<\/p>\n

\u201cHowever, business confidence in the outlook for the coming year has deteriorated further, and is at one of the lowest levels seen over the past three years <\/strong>as companies worry about the impact of policies, most notably tariffs. <\/em><\/p>\n

Companies are also concerned over disappointing export sales, especially in manufacturing, and factories are seeing an unprecedented rise in unsold stock. <\/em><\/p>\n

Having bought excess inputs earlier in the year to front-run tariffs, producers are making more goods to use up these inputs but are often struggling to sell the end product to customers.<\/strong>“<\/em><\/p>\n

Finally, Williamson notes that there has been no pass-through of tariff-induced inflation to consumers<\/p>\n

\u201cHence, although input costs continued to rise sharply again in October, principally reflecting the pass-through of tariffs, average selling price inflation has cooled to the lowest since April as firms compete on price to win sales<\/strong>.\u201d<\/em><\/p>\n

Solid ‘soft’ data amid a vacuum of ‘hard’ data dude to the govt shutdown.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 10\/24\/2025 – 09:56<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/pmis-show-us-business-activity-accelerated-october-second-fastest-pace-year<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

PMIs Show US Business Activity Accelerated In October At Second-Fastest Pace This Year US business activity growth accelerated in October to the second-fastest so far…<\/p>\n","protected":false},"author":0,"featured_media":1603556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1603555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6J9N","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/10\/bfmE2C0-HBPRQF.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1603555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1603555"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1603555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1603556"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1603555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1603555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1603555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}