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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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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한국의 3월 산업생산, 소매판매, 설비투자가 전월 대비 모두 상승했다고 통계청이 30일 발표했다. 이는 지난해 9월 이후 처음으로 세 지표가 동시에 증가한 것이다. 중동 위기 영향은 아직 미미하다고 당국이 밝혔다.

최근 2주간 외국인 투자자들이 인터내셔널 컨테이너 터미널 서비스(ICTSI)와 센추리 퍼시픽 푸드 등 주요 종목에 대해 순매수를 이어가면서 필리핀 종합주가지수(PSEi)가 6,400선을 돌파했습니다.

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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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