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2026.05.2113:45:00UTC+00U.S. S&P Global Services PMI Slips to 50.9 in May, Hinting at Softer Expansion

The U.S. services sector showed a marginal loss of momentum in May 2026, as the S&P Global Services Purchasing Managers’ Index (PMI) edged down to 50.9 from 51.0 in April. The latest reading, updated on 21 May 2026, keeps the index just above the 50.0 threshold that separates expansion from contraction, signaling that activity is still growing but at a slightly slower pace.

The near-flat movement from April to May suggests that U.S. services output remains resilient, but with limited acceleration. With the PMI hovering close to neutral territory, markets and policymakers are likely to monitor upcoming data closely for signs of whether the sector can regain momentum or risks slipping toward stagnation in the coming months.

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