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Global Services Sectors Show Mixed Growth in May

US services rebound strongly, Eurozone and China see growth, while UK and manufacturing sectors show signs of slowing

  • US services sector PMI rose to 53.8 in May, indicating a return to growth after April's contraction.
  • Eurozone business activity expanded at its fastest rate in a year, with services leading the growth.
  • China's services PMI hit a 10-month high, driven by strong new business and employment gains.
  • UK services growth slowed, with inflation pressures dropping to a three-year low.
  • Manufacturing sectors in the US and Eurozone showed weaker performance compared to services.
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