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Purchasing Managers Index: Difference between revisions
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* Prices paid by manufacturers decreased to 44.2 from 53.2 in the prior month. | * Prices paid by manufacturers decreased to 44.2 from 53.2 in the prior month. | ||
* The survey's gauge of factory employment increased to 51.4 from 50.2 in April. | * The survey's gauge of factory employment increased to 51.4 from 50.2 in April. | ||
==== Services ==== | |||
Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI registered 50.3 percent, but missed expectations as a 52.2 was expected. Last month the index registered a 51.9 level, | |||
* ISM Services Employment decreased to 49.20 points in May 2023 from 50.80 points in the prior month. | |||
* ISM Services Prices index decreased to 56.20 points in May of 2023, the lowest level since May 2020, from 59.60 points in April of 2023. | |||
* ISM Services New Orders index in the United States decreased to 52.90 points in May from 56.10 points in April of 2023. | |||
=== April 2023 === | === April 2023 === | ||