PMI reading: Services sector grows in October after 7 months of fall

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Updated: Nov 05, 2020 8:24 AM

The services sector recorded growth in October, ending a seven-month sequence of contraction, on the back of improving domestic demand.

workers, owners, corporate profits, net profits,The low single-digit growth in wages in the last two quarters is very low by historical standards and is in stark contrast to the extraordinary profits earned by the companies.

The services sector recorded growth in October, ending a seven-month sequence of contraction, on the back of improving domestic demand.

 

Still, there was another monthly drop in employment. Input cost inflation hit an eight-month high.

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