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As Summer Beckons, Surveys Paint Divergent Picture Of US Services
US services sector activity decelerated to the brink of contraction in May, in what counted as a surprisingly cool read on the driver of the world's largest economy.
At 50.3, ISM services printed well below consensus, missing the lowest estimate from five-dozen forecasters in the process. The range was 50.5 to 53.7.
It was the weakest headline reading since December and, more importantly, the second-weakest since the earliest days of the pandemic.
Meanwhile, the final read on S&P Global
