PT Solid Gold Berjangka | US ISM Services PMI Rises to 53.8 in May vs. 50.8 Expected
Ekonomi AS sektor jasa ISM SERVICES PMI Services PMI Solid Gold Berjangka SG Berjangka Solid Group PT SGB
Solid Gold Berjangka | Business activity in the US services sector expanded in the 5th month, with the ISM Services PMI recovering from 53.8 to 49.4. The value was above market expectations of 50.8.
Other details in the report showed that the Price index, which is a component of inflation, fell from 58.1 to 59.2 and the employment index recovered from 47.1 to 45.9.
Assessing the survey’s findings, “The increase in the June composite index is the result of particularly high business activity, faster new order growth and slower supplier deliveries, despite the continued contraction in employment,” said Anthony Nieves, chair of the Supply Management Services Business Survey Committee.:
“Respondents in the survey showed that overall business is growing, with growth rates continuing to change across companies and industries. The employment challenges remain, mainly due to the difficulty of backfilling positions and managing labor costs. The majority of respondents indicate that inflation and current interest rates are obstacles to improving the business environment.”
Market reaction
The US dollar index recovered from session lows following upbeat PMI data and was last seen rising 0.2 percent at 104.35.
Source: FXStreet