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Services PMI® at 64%; May 2021 Services ISM® Report On Business®

/PRNewswire/ Economic activity in the services sector grew in May for the 12th month in a row, say the nation s purchasing and supply executives in the. ....

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Breaking: US ISM Services PMI notches new series high of 64 in May

6/3/2021 2:01:55 PM GMT
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By FXStreet Team
The economic activity in the US service sector expanded at an impressive pace in May with the Institute for Supply Management (ISM) Services PMI climbing to a new series high of 64 from 62.7 in April. This reading came in stronger than the market expectation of 63.
Further details of the publication showed that the Prices Paid Index jumped to its highest level since September 2006 at 80.6. Additionally, the New Orders Index improved modestly to 63.9 from 63.2 while the Employment Index edged lower to 55.3 from 58.8.
Commenting on the data, the rate of expansion is very strong, as businesses have reopened and production capacity has increased, said Anthony Nieves, Chair of the ISM Services Business Survey Committee. However, some capacity constraints, material shortages, weather-related delays, and challenges in logistics and employment resources continue. ....

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U.S. Services Sector Growth Accelerates in May Amid Economic Reopening — ISM

U.S. Services Sector Growth Accelerates in May Amid Economic Reopening — ISM
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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US Service Sector Index Hits All-time High In May: Survey

US service sector index hits all-time high in May: survey ....

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U.S. Service Sector Growth Accelerates To Record High In May

U.S. Service Sector Growth Accelerates To Record High In May
WASHINGTON (dpa-AFX) - U.S. service sector activity saw record growth in the month of May, according to a report released by the Institute for Supply Management on Thursday.
The ISM said its services PMI rose to 64.0 in May from 62.7 in April, with a reading above 50 indicating growth in the sector. Economists had expected the index to inch up to 63.0.
With the bigger than expected increase, the services PMI reached another all-time high, surpassing the previous record high of 63.7 in March.
The rate of expansion is very strong, as businesses have reopened and production capacity has increased, said Anthony Nieves, Chair of the ISM Services Business Survey Committee. ....

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