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US Services PMI at 54.5%; May 2026 ISM Services PMI Report
Economic activity in the services sector continued to expand in May, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® registered 54.5 percent, the 23rd consecutive month in expansion territory. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In May, the Services PMI® registered 54.5 percent, an increase of 0.9 percentage point compared to April's figure of 53.6 percent. The Business Activity Index remained in expansion territory in May, increasing 1.8 ... (full story)
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From economics.bmo.com | Jun 3, 2026
Another better-than-expected headline figure… this time it was the U.S. ISM Services PMI, which climbed 0.9 pts to 54.5. The gauge has now held in the expansion zone (above 50) for almost two years. Business activity climbed for a second straight month to 57.7, pointing to stronger demand and higher output. Meantime, new orders jumped to 57.3, suggesting ...
Private sector employment increased by 122,000 jobs in May and pay was up 4.4 percent year-over-year according to the May ADP National Employment ReportŪ produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized ...
