MTSI Services PMI Composite Indexes: May 2025 (2nd Estimate)
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| Index | April 2025 | May 2025 |
|---|---|---|
| General PMI | -1.83 | -0.95 |
| Activity | -2.09 | -1.57 |
| Revenue | -0.97 | -1.26 |
| New Orders | -1.60 | -1.85 |
| Employment | -1.13 | -0.55 |
| Prices Paid | 0.78 | 0.22 |
| Prices Received | -0.15 | -0.21 |
| Wages | -0.35 | -0.47 |
The MTSI Services PMI Composite Index improved from -1.83 in April to -0.95 in May as conditions in the service sector improved from a 5-year low in April.
- The Activity index improved from a 5-year low around -2.09 to -1.57.
- However, the Revenue and New Orders indexes both remained low at more than 1 standard deviation below the mean.
- The surge in the Prices Paid index calmed from 0.77 in April to 0.22 in May as tariff pressures may have relented some in the last month.