For September, the @NewYorkFed Services PMI experienced a deceleration, dropping to -8.7 from the preceding figure of +0.5. The broader business climate indicator followed a similar downward trajectory, falling to -35.9 from its previous reading of -25.7. In terms of the workforce, the employment metric shifted into negative territory at -4.9, which is a noticeable decrease from the prior +2.4. Compensation and cost measures saw minor reductions as well. The wages index edged down to +30.3 from an earlier +30.7, and the prices paid metric cooled slightly to 69.0 compared to the previous 70.1.
