US business activity expanded this month at the second-fastest pace of the year on stronger orders growth, and firms were more restrained with pricing to stoke sales.
The S&P Global flash October composite
The group’s composite gauge of new orders climbed to 54.2, the highest this year. The advance was propelled by the strongest growth in bookings at factories since February of last year. New business for service providers expanded the most since the end of 2024.
The data “point to sustained ...