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BREAKING: US services growth slows in May

3:07 PM 3 June 2022

The ISM Services PMI for the US fell to 55.90 in May from 57.1 in the previous month, below analysts’ expectations of 56.4. 

Further details of the publication:

  • employment 50.2 vs 49.5 last month
  • new orders 57.6 vs 54.6 last month
  • prices paid 82.1 vs 84.6 last month
  • business activity index 54.5 vs. 59.1 last month
  • supplier deliveries 61.3 vs. 65.1 last month
  • inventories 51.0 vs. 52.3 last month

EURUSD saw a relatively small reaction to today’s release. The most popular currency pair continued to trade around 1.0740 level. Source: xStation5

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