US ISM May services PMI 53.8 vs 50.8 expected ...Middle East

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US ISM May services PMI 53.8 vs 50.8 expected
source : forex live ( Middle East ) () 73
Prior 49.4The key components:New orders 54.1 vs 52.2 priorEmployment 47.1 vs 45.9 priorPrices paid 58.1 vs 59.2 priorThe other details:Production 61.2 vs 50.9 priorDeliveries 52.7 vs 48.5 priorInventories 52.1 vs 53.7 priorOrder backlogs 50.8 vs 51.1 priorNew export orders 61.8 vs 47.9 priorImports 42.8 vs 53.6 priorThat's a solid rebound after the April reading being the lowest since December 2022. The jump owes much to a strong rebound in production/business activity. Meanwhile, new orders also saw a bounce as employment conditions improved on the month as well.The prices paid component, the one to watch on inflation, eased a touch as well but is still holding on the high side overall.The

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