ISM services PMI rises to 54.5 in May

The Institute for Supply Management reported its May services Purchasing Managers' Index at 54.5. The reading exceeded expectations and marked continued expansion in the sector.

The headline composite index stood above the forecast of 53.7. It also reflected the fifth straight month of gains in the 12-month PMI average, which reached 52.8 percent after rising 1.1 points from December 2025. Business activity posted its second-highest level since October 2024. No commodities appeared on the down-in-price list for the third consecutive month. Aluminum, copper, diesel, gasoline, software licensing and transportation all remained on the up-in-price list with multimonth runs.

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Illustration of rising US inflation with gas prices and economic graphs.
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US inflation accelerates to 4.2% in May as energy prices jump

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U.S. consumer inflation rose to 4.2% in May, the Bureau of Labor Statistics reported Wednesday, matching economists’ expectations and marking the highest 12-month reading since April 2023.

U.S. manufacturing activity expanded for an eleventh consecutive month in June but at a slower pace than expected. The S&P Global PMI fell to 53.9, down 1.2 points from the prior month and below forecasts.

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South Africa's manufacturing sector returned to expansion in April, with the Absa Purchasing Managers’ Index climbing to 52.6. This marks the first growth since September, up from 49 in March. The improvement stemmed mainly from stronger business activity and new sales orders.

The Commerce Department reported on Thursday that the Federal Reserve’s preferred inflation measure rose to an annual rate of 3.8 percent in April. The reading marks the third straight month of increases and remains well above the central bank’s 2 percent target.

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According to Fedesarrollo, the Commercial Confidence Index stood at 20.5% in May 2026, down 1.3 percentage points from April.

한국의 소비자물가가 5월에 전년 동월 대비 3.1% 상승했다. 이는 26개월 만에 가장 빠른 증가세로, 중동 전쟁으로 인한 연료 가격 급등이 주요 원인이다.

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