The US service sector expanded in October at the fastest pace in over two years, fueled by a pickup in hiring.

U.S. services sector activity unexpectedly accelerated in October to a more-than two-year high, and employment strengthened, more evidence that the economy is in solid shape as the nation heads to the polls to pick the next president.

India’s services activity improved to 58.5 in October compared with the tenth-month low of 57.7 in September, according to data released on November 5. The HSBC India Services Business Activity Index dipped below 60 for the first time in nine months but stayed above the long-run average. A reading above 50 denotes expansion.

China's manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers' optimism that recent fresh stimulus will get the world's No.

US service sector activity grew in October at the fastest pace in over two years as the Institute for Supply Management’s non-manufacturing index increased to 56, the highest since July 2022, data showed Tuesday.

In a surprising turn, the U.S. service sector reached its highest growth level since July 2022, defying expectations despite facing hurricanes, port strikes, and political uncertainties linked to the presidential elections.