US Services Sector Growth Slows but Remains Resilient in May
The ISM report indicates continued expansion in US non-manufacturing activity in May. The NMI registered 56.9, slightly below the previous month but still above the 12-month average. The employment index showed significant growth, with businesses generally optimistic. However, a decline in the new orders index and labor shortages remain concerns. Overall, the non-manufacturing sector provides important support for US economic growth.









