The headline S&P Global Flash US PMI Composite Output Index registered 54.5 in May, up from 53.4 in April, to signal a solid and faster expansion in private sector business activity. The rise in output was the sharpest since April 2022, but led by service providers, who reported stronger demand conditions. At 55.1, the S&P Global Flash US Services Business Activity Index signalled a strong expansion in service sector output midway through the second quarter.  The rate of growth in activity was the fastest for just over a year, with firms linking the upturn to greater demand from new and existing clients. The S&P Global Flash US Manufacturing PMI posted 48.5 in May, down from 50.2 in April, to signal a renewed deterioration in manufacturing operating conditions.

Source: S&P Global US PMI®
Post by: Republic of Türkiye Ministry of Trade