U.S. Manufacturing PMI Hits 48-Month High of 55.3 in May, Services at 50.9

GateNews

According to S&P Global, U.S. manufacturing PMI initial reading reached 55.3 in May, marking the highest level in 48 months.

U.S. services PMI initial reading came in at 50.9, hitting a two-month high. The composite PMI remained at 51.7, unchanged from the previous month.

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