International Economic

US services sector unexpectedly contracts amid macro uncertainty

By Benjamin Chiou

Date: Wednesday 04 Jun 2025

(Sharecast News) - The US services sector unexpectedly contracted in May for the first time in nearly a year as Donald Trump's tariff rampage raised price pressures and federal budget cuts affected purchasing decisions.
The closely followed Institute for Supply Management's service-sector purchasing managers' index came in at 49.9 for last...

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