Non Manufacturing Index

• ISM Non Manufacturing Index rose to 53.8 in May, reaching a 9-month high.
• S&P Global Services PMI: The final value in May was 54.8, higher than April's 51.3.

Main Index Breakdown

• Business Activity Production Index: jumped to 61.2, the largest monthly increase since 2021.
• New Orders Index: Up to 54.1, steady growth in demand.
• Employment Index: slightly up to 47.1, still in the contraction interval.
• Supplier Delivery Index: rose to 52.7, with delivery times slowing down.
• New Export Orders Index: risen significantly to 61.8, returning to the expansion range.

Inflation and Prices

• Price Index: May slightly down to 58.1, inflation pressure still exists.

Other indices

• Inventory Index: Slows to 52.1, the rate of inventory accumulation has slowed down.
• Inventory Prosperity Index: Sliding to 57.7, showing that companies believe that inventory is too high.

industry difference

• Growth sectors: 13 service sectors, including real estate, healthcare, report growth.
• Declining industries: 5 industries, including retail, saw declines.

Employment and Economic Environment

• The Employment Challenge: difficulty in filling positions and controlling labor costs.
• Business Environment Barriers: Inflation and interest rates are the main obstacles.

Future outlook

• Services Resilience: Services will continue to grow with summer and holiday season.