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S&P Global final May US services PMI 54.9 vs 55.1 prelim
Fourth consecutive increaseBest services reading in 13 monthsPrelim was 55.1Prior was 53.6Composite PMI 54.3 vs 54.5 prelimPrior composite 53.4Both input and output price inflation softenedThis is a slight downgrade and adds a small negative bias to the ISM services data at the top of the hour.Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: "The US continued to see a two-speed economy in May, with the sluggishness of the manufacturing sector contrasting with a...
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Posted: Jun 5 2023, 13:45
Author Name: forexlive
Views: 112349
