FX.co ★ U.S. ISM Non-Manufacturing PMI Slips Below 50 in May, Signaling Contraction in Services Sector

In May 2025, the ISM Non-Manufacturing PMI for the United States fell to 49.9 from April's 51.6, indicating a contraction in the services sector. This marks the first time the index has dipped below the growth threshold of 50 in recent months and suggests a potential slowdown in the sector that plays a crucial role in the U.S. economy.

The data, updated on June 4, reflects a shifting landscape where service-oriented businesses may be experiencing challenges, potentially stemming from broader economic uncertainties or consumer demand fluctuations. As service industries grapple with these changes, market analysts will closely monitor the index in the coming months to gauge whether this shift marks the onset of a more prolonged downturn or a temporary dip in activity.