Article
US Services Surveys Signal Surging Prices, Mixed Growth
US Services Surveys Signal Surging Prices, Mixed Growth
Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May.
They were somewhat correct but the message was mixed with one survey improving while the other deteriorated...
S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows.
ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp)
Source: Bloomberg
Under the hood, both surveys signaled rising prices...
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Are you aware? Really aware? Or are you like me, struggling to keep up with the blizzard of social and political awareness events that bring a rich texture to our lives?Do you worry that you can’t recall if Black History Month – that time when I approach my BAME colleagues with even more reverence than usual – is in June or July? Are you confused as to whether Pride Month and LGBT History Month are the same or distinct entities?...
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