PMI: Providers exercise hits over a decade excessive in October

Providers exercise rose for a 3rd straight month and hit its peak in ten-and-a-half years in October, as new work intakes surged on the quickest price since July 2011.

With enter prices hovering, firms raised costs on the strongest tempo

Providers PMI touched 58.4 in October, towards 55.2 in September. However with enter prices hovering, firms raised costs on the strongest tempo in about four-and-a-half years