Purchasing Managers Index: Difference between revisions

Purchasing Managers Index (view source)

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 ==== 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,
+In May, the Services PMI<sup>®</sup> registered 50.3 percent, 1.6 percentage points lower than April’s reading of 51.9 percent. The composite index indicated growth in May for the fifth consecutive month after a reading of 49.2 percent in December, which was the first contraction since May 2020 (45.4 percent). The index missed expectations as a 52.2 was expected. <ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/services/may/</ref>
 * ISM Services Employment  decreased to 49.20 points in May 2023 from 50.80 points in the prior month.