United States ISM Services PMI came in at 49.9 below forecasts (52) in May

Jun 4, 2025

United States ISM Services Employment Index registered at 50.7, below expectations (52.3) in May

US ISM Services PMI drops to 49.9 in May vs. 52 expected

The business activity in the US service sector contracted slightly in May, with the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) dropping to 49.9 from 51.6 in April. This reading came in below the market expectation of 52.