fxs_header_sponsor_anchor

News

US: ISM Services PMI falls to 55.9 in May versus expected drop to 56.4

The headline ISM Services Purchasing Manager's Index (PMI) fell to 55.9 in May from 57.1 in April versus expectations for a slightly smaller decline to 56.4, according to the latest release by the Institute for Supply Management (ISM). 

Subindices:

The Business Activity Index fell to 54.5 from 59.1 in April. 

The Employment Index fell to 50.2 from 49.5 in April. 

The New Orders Index rose to 57.6 from 54.6. 

The Prices Paid Index fell to 82.1 from 84.6. 

Market Reaction

FX markets did not seem to react to the latest ISM data, as investors continue to digest the ramifications of the earlier official US jobs report. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.