Thu, 05 Jun 2025 08:19:05 GMT
Services Sector Contracts for First Time Since June 2024
In May 2025, the U.S. services sector experienced its first contraction since June 2024, with the Services PMI® slipping to 49.9 percent. This slight decline from April's 51.6 percent suggests increased economic uncertainty rather than a sharp downturn. The Business Activity Index held steady at 50 percent, showing flat output, while the New Orders Index dropped into contraction at 46.4