S&P/Global services PMI final 53.4 vs. 53.5 preliminary

• S&P/Global services PMI for May final comes in at 53.4 vs. 53.5 flash estimate
• The final composite PMI came in at 53.6 vs. flash estimate of 53.8

The data is still positive above the 50.0 level indicative of growth in the economy

The more followed ISM services PMI will be released at the top of the hour. The expectations are for:

• ISM services 56.4 vs. 57.1 last month

Last month:

• employment 49.5
• new orders 54.6
• prices paid 84.6
• business activity index 59.1

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term