Mumbai, Dec. 4 -- The US private sector services economy continued to expand at a solid pace in November, despite growth softening to a five-month low. The headline S&P Global US Services PMI Business Activity Index recorded 54.1 in November, down from October's 54.8 and lower than the earlier 'flash' estimate of 55.0.
Activity was supported by the firmest rise in new work of 2025 so far, whilst confidence in the outlook strengthened following the end of the government shutdown and expectations of improved economic growth in the year ahead.
Firms also took on additional staff to a stronger degree amid some evidence of capacity pressures, but with reports of higher labor costs and tariffs continuing to push up prices in general, input cost...