The PMI of the US service industry has surged beyond expectations, and the economy is stable, but the issue of dock strikes cannot be ignored
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On Thursday morning (October 3), the service industry PMI released by the Institute for Supply Management (ISM) unexpectedly exceeded expectations, indicating that the US economic foundation remained relatively stable at the end of the third quarter. Specific data shows that the ISM Purchasing Managers' Index (PMI) for the service sector recorded 54.9 in September, the highest level since February 2023, up 3.4 points from the August reading. The market originally thought it would only rise from 51.5 to 51.7.
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