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US services activity heats up in May, beating expectations: Survey
US services sector activity expanded in May, exceeding expectations with the ISM index at 54.5%. While business activity and new orders grew, employment contracted for the third consecutive month. Rising input prices, driven by tariffs and the Iran conflict, reached their highest point since August 2022.
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supplychaindive.com
US manufacturing expands to highest level since May 2022: PMI
“Companies are still holding back because of uncertainty, but they’re holding back less," Susan Spence, chair of ISM’s Manufacturing Business Survey Committee, said during a media…
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cryptobriefing.com
US ISM Manufacturing PMI hits 54, new orders index at 56.8 as expansion accelerates
US ISM Manufacturing PMI surged to 54.0 in May, beating forecasts. New Orders hit 56.8. Here's what this means for crypto and risk assets.
