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ISM Services PMI Rises to 54.5 in May, Beating Forecast of 53.8

2026-06-04 11:22:09

According to the Institute for Supply Management, the U.S. Services Purchasing Managers Index came in at 54.5 in May, up from 53.6 in April and above the forecasted 53.8. The reading marks the 23rd consecutive month of expansion in the services sector. Following the data release on Wednesday morning, spot gold recovered from its session low of $4,426.42 to trade at $4,450.98 per ounce, down 0.82% on the day.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Canada's Service Sector PMI Rises to 50.6 in May, Up 1.4 Points

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