U.S. Service Sector Contracts for First Time in Nearly a Year Amid Plummeting Demand
2025-06-05 / Read about 0 minute
Author:小编   

The U.S. service sector experienced a contraction in May for the first time in nearly a year, with the ISM index dipping to 49.9. This downturn was marked by a sharp decline in new orders and an acceleration in price increases. The surge in tariffs caused a notable drop in demand, which in turn escalated inflationary pressures. Amidst this heightened uncertainty, businesses opted to postpone or reduce their orders. Consequently, U.S. Treasury yields declined, and the gains in the S&P 500 index narrowed.