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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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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China's official manufacturing purchasing managers' index (PMI) fell slightly to 50.3 in April from 50.4 the previous month, though it exceeded expectations. New export orders and imports expanded for the first time since early 2024, but softer domestic activity pushed the non-manufacturing PMI into contraction. Price pressures remained in expansionary territory, indicating ongoing reflation.

The Chicago Fed National Activity Index rose to -0.02 in June from -0.19 in May. The three-month moving average also improved to -0.05 from -0.10.

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4月30日发布的官方数据显示,韩国三月份的工业产出、零售销售和设备投资均较上月有所增长。这是自去年9月以来,这三项指标首次实现同步环比增长。该部官员表示,中东危机目前尚未对韩国经济产生影响。

在过去两周内,外资通过净买入国际集装箱码头服务公司(International Container Terminal Services Inc.)和世纪太平洋食品公司(Century Pacific Food Inc.)等股票,推动菲律宾证券交易所指数突破6400点。

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June's inflation figure of 1.9% strengthens expectations of a sustained slowdown, according to economist Pablo Das Neves.

 

 

 

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