US Private Services Activity Revised Lower in World Economy News 03/06/2026 The S&P Global US Services PMI eased to 50.7 in May of 2026 from 51 in the previous month, revised lower from the preliminary estimate of 50.9 and remaining below the preliminary estimate of 51.1. Despite the slowdown, the result extended the rebound from the previous month after the outbreak of war in the Middle East pressured the sector to a contraction in March. New business inflows rose modestly, as rising prices and uncertainty drove consumers to maintain their subdued demand. New business was also limited by the fastest reduction in orders from foreign clients since 2022. The muted demand for new projects drove firms to cut jobs at the fastest pace since May of 2020. On the price front, input costs for services providers rose the most in one year, driving charges to rise sharply. Looking ahead, business optimism dropped to an over three-year low. Source: Trading Economics 2026-06-03 hellenicshippingnews... tweet Share