US S&P global services PMI for November 54.1 versus 55.0 preliminary | investingLive

Details from S&P Global

US Services & Sector PMI — Key Takeaways

• All seven U.S. sectors expanded in November, continuing growth seen in October.

• Most sectors grew at a slower pace, though Financials, Consumer Goods, and Industrials recorded faster expansions.

Strongest-Performing Sectors

• Financials remained the top performer

  • Activity rose at a sharp, accelerated pace.

  • Fastest expansion since December 2024.

• Consumer Goods ranked second in growth

  • Production volumes grew at the fastest pace since April 2022.

  • Growth partly driven by a survey-record buildup of finished goods inventories.

  • New orders slowed, rising at the weakest pace since April.

• Industrials saw stronger expansion

Weaker Momentum Sectors

• Basic Materials

• Technology

  • Sector remained in expansion but saw the largest loss of momentum.

  • Output growth was the weakest in six months, though still solid.

• Consumer Services

  • Weakest-performing sector overall.

  • Activity increased only marginally, at the slowest pace in four months.

The more followed ISM non-manufacturing PMI for November will be released at the top of the hour. The expectations of 52.1 versus 52.4 previously. For some of the components:

• nonmanufacturing business activity 54.3 last month.
• Employment 48.2 last month.
• New orders 56.2 last month.
• Prices paid index 70.0 last month

Lower on the day versus all the major currencies with the GBPUSD the biggest mover (up 0.76%). The price is looking to test its 200 day moving average at 1.3319. The high price today has reached 1.33160 so far. There should be apprehension and a battle at the level.