US Services Sector Gauge Rises More Than Expected To Over 2-Year Highs As Employment Index Defies Hurricane Shocks
US Services Sector Gauge Rises More Than Expected To Over 2-Year Highs As Employment Index Defies Hurricane Shocks
"The increase in the Services PMI in October was driven by boosts of more than 4 percentage points for both the Employment and Supplier Deliveries indexes. The Business Activity and New Orders indexes both dropped by at least 2 percentage points. Each of the four subindexes are now above their averages for 2024," stated The U.S. services sector's economic momentum is firing at all cylinders, with business activity in October reaching its strongest level in over two years.
美元指数服务业经济势头强劲，十月份业务活动达到两年多来最强水平。
According to the Institute for Supply Management, the Services PMI surged to 56% in October 2024, up from 54.9% in September, defying expectations of a dip to 53.8%.
根据供应管理协会的数据，2024年10月美元指数服务业采购经理人指数大幅上升至56%，高于9月的54.9%，违背了市场对下降至53.8%的预期。
This result marks the fastest pace of expansion in the U.S. services sector since August 2022. The ISM Services PMI has shown growth in 20 of the past 22 months since January 2023, with October's reading standing 3.7 percentage points above the 2024 average of 52.3%.
这一结果标志着美国服务业自2022年8月以来扩张速度最快。自2023年1月以来，供应管理协会服务业采购经理人指数在过去的22个月中增长，而十月份的数据比2024年52.3%的平均水平高出3.7个百分点。
"The increase in the Services PMI in October was driven by boosts of more than 4 percentage points for both the Employment and Supplier Deliveries indexes. The Business Activity and New Orders indexes both dropped by at least 2 percentage points. Each of the four subindexes are now above their averages for 2024," stated Steve Miller, chair of the ISM Services Business Survey Committee, said.
“十月份服务业采购经理人指数的增长得益于就业和供应交付指数的增加超过4个百分点。而业务活动和新订单指数都下降了至少2个百分点。这四个子指数现在都高于2024年的平均水平，”供应管理协会服务业商务调查委员会主席 史蒂夫·米勒说。
ISM Services PMI For October: Key Highlights
美元指数服务业采购经理人指数2024年10月关键亮点
- The subindex for Business Activity eased from 59.9% to 57.2% in October.
- The subindex for New Orders eased from 59.4% to 57.4% in October.
- The subindex for Prices eased from 59.4% to 58.1%.
- The subindex for Employment rose from 48.1% to 53%, well above the expected 48%. The outcome marked the highest level in employment index since September 2023.
- 十月份业务活动子指数从59.9%降至57.2%。
- 十月份新订单子指数从59.4%降至57.4%。
- 十月份价格子指数从59.4%降至58.1%。
- 就业指数从48.1%上升至53%，远远超出预期的48%。这一结果标志着就业指数自2023年9月以来达到最高水平。
"Concerns over political uncertainty were again more prevalent than the previous month. Impacts from hurricanes and ports labor turbulence were mentioned frequently, although several panelists mentioned that the longshoremen's strike had less of an impact than feared due to its short duration," Miller added.
“对政治不确定性的担忧再次比上个月更为突出。受飓风和港口劳资纠纷的影响，一些专家提到长shoreman罢工的影响没有如之前担心的那样持续很久，” 米勒补充道。
Market Reactions
市场反应
On Tuesday, U.S. stocks rebounded as investors reacted positively to the latest ISM Services PMI data, alleviating earlier political concerns as Americans headed to the polls to elect the 47th president.
周二，美国股市反弹，投资者对最新的ISM服务业采购经理人指数数据做出积极反应，减轻了先前的政治担忧，因为美国人前往投票选举47万亿美元总统。
The S&P 500, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), rose 0.8%. The tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), rallied nearly 1%, while the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) edged 0.6% higher.
标普500指数，由标普500etf信托基金（NYSE:SPY）代表，上涨了0.8%。纳斯达克100指数，由纳指100etf-invesco qqq trust（NASDAQ:QQQ）跟踪，上涨了近1%，而道琼斯工业平均指数etf（NYSE:DIA）上涨了0.6%。
Yields on 10-year Treasury bonds rose 7 basis points to 4.36%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 0.5%.
10年期国债收益率上涨7个基点至4.36%。 ishares 20+年期国库券etf（NASDAQ:TLT）下跌了0.5%。
The U.S. dollar index — as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) — weakened 0.5%.
美元指数 — 由倡导者美元指数bullish基金etf（NYSE:UUP）跟踪 — 贬值了0.5%。
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Image: Shutterstock
图片：shutterstock
