Part 3/5:
In contrast to manufacturing, the services sector displays a robust performance, with readings zooming to 57. This figure not only signifies a 22nd consecutive reading above 50, but it also highlights a peak not seen since March of 2022. The strength in services positively affects the composite index, which reaches 55.3—the highest since April of 2022, reflecting continued expansion and resilience in this part of the economy.