The MTSI Services PMI General PMI Composite Index fell to -0.89 in November, down from -0.54 in October, revised down from the 1st estimate of -0.53, with 7 out of 8 PMIs reported.

• The Activity index improved to -0.58 (from -1.17), indicating a smaller contraction than in October but still signaling subdued output conditions.
• Revenue strengthened to -0.80 (from -1.28), showing a moderate easing in the pace of decline compared with the prior month.
• New Orders rose to -0.50 (from -1.46), marking the largest improvement among the forward-looking components, though demand remained negative overall.
• Employment stayed deeply negative at -1.43 (vs -1.50), pointing to continued labor market softness in services.
• Prices Paid eased to 0.32 (from 0.42), suggesting cost pressures moderated for a second month.
• Prices Received slipped to 0.05 (from 0.20), indicating weaker pricing power for firms heading into year-end.
• Wage growth improved slightly but remained subdued at -0.15 (from -0.44), consistent with softer hiring conditions.