US Services Sector Expands Accelerated October Growth

In October 2025, the U.S. economy showed robust growth with the services sector expanding faster than expected, as indicated by the S&P Global Services PMI rising to 55.20. The broader U.S. economy also strengthened, with the Composite PMI climbing to 54.8, reflecting growth in both manufacturing and services sectors despite challenges like the government shutdown. Early flash PMI data revealed business activity accelerating at the second-fastest pace of the year, supported by the largest increase in new business, although business confidence remains low due to concerns about tariffs and export sales. Meanwhile, the UK saw modest private sector growth with manufacturing improving for the first time in a year and services growth remaining slow amid subdued business sentiment and political uncertainties. In India, the private sector's expansion eased with new orders rising at the slowest pace since May and export demand weakening, signaling a transition to more moderate growth despite ongoing inflationary pressures. Across these regions, the data suggest resilience in economic activity but also caution due to external and policy-related headwinds.