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The Economic Times

National / The Economic Times

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US services activity heats up in May, beating expectations: Survey

US services sector activity expanded in May, exceeding expectations with the ISM index at 54.5%. While business activity and new orders grew, employment contracted for the third consecutive month. Rising input prices, driven by tariffs and the Iran conflict, reached their highest point since August 2022.

3 Jun 2026 8:40 pm