Services Sector Activity Strongly Expands In May: 'Notable Higher Business Activity, Faster New Orders Growth'
Services Sector Activity Strongly Expands In May: 'Notable Higher Business Activity, Faster New Orders Growth'
The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April.
美国服务业情绪在五月份大幅扩张，远超预期，并扭转了四月份开始的下降趋势。
What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but returned to a strong growth pace May, according to Wednesday data from the Institute for Supply Management (ISM).
发生了什么：根据周三发布的来自供应管理协会（ISM）的数据，经营服务业活动的商业士气经历了15个连续月的扩张，暂时进入收缩状态，但在五月份回到了强劲的增长步伐。
May ISM Services PMI Report: Key Highlights
5月ISM服务业PMI报告：主要亮点
- The overall ISM Services PMI rose to 53.8%, marking a 4.4-percentage-points surge from April's 51.4% and beating the expected 50.8%, according to Econoday.
- The subindex for Business Activity rose to 61.2% in May, marking a significant increase of 10.3 percentage points from April's 50.9%.
- The subindex for New Orders continued to expand for the 17th consecutive month, rising from 52.2% in April to 54.1% in May.
- The subindex for Prices Paid eased from 59.2% to 58.1%, indicating a slightly improvement in price pressure dynamics felt by services providers.
- The subindex for Employment contracted for the fifth time in six months, but at a slower pace compared to April.
- 据Econoday称，总体的ISM服务业PMI升至53.8%，比4月份的51.4%增加了4.4个百分点，超过了预期的50.8%。
- 业务活动的子指数在五月份上升至61.2%，从4月份的50.9%显着增加了10.3个百分点。
- 新订单的子指数连续第17个月扩张，从4月份的52.2%上升到5月份的54.1%。
- 付款价格的子指数从59.2%降至58.1%，表明服务提供商所感受到的价格压力动态略有改善。
- 就业的子指数在六个月中第五次收缩，但速度比四月份慢。
Anthony Nieves, chair of the Institute for Supply Management Services Committee, said: "The increase in the composite index in May is a result of notably higher business activity, faster new orders growth, slower supplier deliveries and despite the continued contraction in employment."
供应管理协会服务委员会主席Anthony Nieves表示：“五月份综合指数的增加是由于商业活动显著增加，新订单增长加快，供应商交货速度加快，尽管就业持续收缩。”
Survey respondents reported that overall business is on the rise, though growth rates differ by company and industry. Employment challenges persist, mainly due to difficulties in filling positions and managing labor costs. Most respondents believe that inflation and interest rates hinder better business conditions.
调查受访者报告称，整体业务正在增长，尽管不同公司和行业的增长率不同。就业方面仍存在挑战，主要是由于填补职位和管理劳动力成本的困难。大多数受访者认为通货膨胀和利率阻碍了更好的商业环境。
Market Reactions: Stocks Hold Gains, Bond Yields Rise Again
市场反应：股票保持增长，债券收益率再次上涨。
U.S. stocks managed to broadly hold session gains in reaction to the higher-than-expected ISM Services PMI report, despite bond yields resuming their rise.
尽管债券收益率再次上涨，美国股市在高于预期的ISM服务业PMI报告的推动下能够广泛保持季节性涨势。
- The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), was 0.2% higher at 10:15 a.m. in New York.
- The tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) outperformed, up by 0.8%.
- The blue-chip SPDR Dow Jones Industrial Average ETF (NYSE:DIA) was down by 0.2%.
- Long-dated Treasury yields saw an uptick of about 2 basis points, pushing the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) down by 0.3%.
- The U.S. dollar rallied, with the Invesco DB USD Index Bullish Fund (NYSE:UUP), up 0.5%.
- Gold, as tracked by the SPDR Gold Trust (NYSE:GLD), was 0.4%, but trimmed gains as the greenback gained traction.
- 标普500指数（由SPDR标普500 ETF信托基金（纽交所：SPY）跟踪）于纽约时间上午10:15上涨了0.2％。
- 技术股为主要成分的Invesco QQQ Trust（纳斯达克：QQQ）表现良好，上涨了0.8%。
- 蓝筹股SPDR道琼斯工业平均ETF（纽交所：DIA）下跌了0.2%。
- 长期国债收益率上涨约2个基点，将iShares 20+年期国库债券ETF（纳斯达克：TLT）下跌了0.3%。
- 美元指数上涨，Invesco DB美元指数看涨基金（纽交所：UUP）上涨了0.5％。
- 黄金，由SPDR金ETF（纽交所：GLD）跟踪，增长了0.4％，但随着美元走强而减弱。
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立即阅读：五月新增15.2万个工作岗位，低于预期：“显著的弱点区域”
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