美国服务业回暖但就业亮红灯 价格指数触及两年新高

Core Insights - The US services sector showed signs of recovery in October, with the ISM services PMI rising to 52.4%, indicating expansion for the eighth consecutive month, although still below historical averages [2] - The business activity index increased significantly to 54.3%, while the new orders index reached 56.2%, reflecting improved demand in the services sector [2] - Employment index remained in contraction at 48.2%, indicating weak hiring intentions among businesses despite a slight improvement from the previous month [2] - The prices index surged to 70%, the highest level since October 2022, indicating persistent inflationary pressures in the services sector [2][3] Industry Performance - Eleven industries experienced growth in October, including accommodation and food services, retail, wholesale, real estate, healthcare, and transportation and warehousing [3] - Six industries faced contraction, including arts and entertainment, management services, finance and insurance, public administration, and construction [3] - Seasonal demand improvements were noted in sectors like healthcare and retail, while some manufacturing and equipment firms continued to struggle with import restrictions and rising prices [3] Supply Chain and Inventory - The supplier deliveries index remained in expansion at 50.8%, indicating slower delivery speeds, which may relate to improved demand or supply chain constraints [2] - The inventory index recorded at 49.5%, suggesting a reduction in inventory levels as businesses respond to demand and cost uncertainties [3] - Backlog orders dropped significantly to 40.8%, the second-lowest level since 2009, indicating that businesses can manage current orders without significant delivery delays [3]