US: Services PMI and goods order in focus today – Danske Bank

Analysts at Danske Bank suggest that in the US, the final figures for PMI services for May and core capital goods orders for April are due out today which will be the key economic releases for the day.

Key Quotes

“Services PMI increased to 54.0 in May, according to the preliminary numbers, whereas core capital goods orders were flat in April. This matches our view that progress is still being made in the services sector, but the manufacturing sector may be taking a breather for now. Today also brings ISM non-manufacturing for May, which has reached very high levels recently and may have run a bit ahead of itself.”