U.S. May S&P Global Services PMI Final

Markit announced the U.S. May S&P Global Services PMI Final on 2025-05-22. The reported figure stands at 53.7, against a forecast of 52.3, with the prior figure recorded as 52.3.

Regarding the U.S. May S&P Global Services PMI Final, Since Markit began publishing the U.S. Services Purchasing Managers' Index report in October 2009, the index has reached its highest level, with a value above 50 indicating an expansion in economic activity, while a value below 50 indicates a contraction, The Markit Services PMI is an indicator that measures changes in the business environment of the U.S. services sector during a specified month. This indicator is based on a monthly survey of purchasing managers working in private sector services in the U.S. The Services PMI is one of the most closely watched indices by U.S. economists. It provides operational information covering the entire services sector, which accounts for the largest share of gross domestic product. It is interpreted as a leading indicator of service sector activity and inflation. An increase in the Services PMI indicates favorable market conditions and can be seen as beneficial for the dollar quotation.

This data holds an importance level of , calculated using PMI is an index compiled from monthly surveys of purchasing managers, reflecting the trend of economic changes. The final value is in relation to the initial value. The PMI from Markit Group (for manufacturing and services) is generally published around the 25th of each month as an initial value, calculated based on approximately 70%-80% of the total sample size. The final value is published at the beginning of each month (on the 1st or 3rd), with all samples included in the calculation, and updates monthly.

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