US PMI composite index revised down to 51.5 in May

Key facts

• The final US PMI composite index for May was revised down to 51.5.
• The preliminary reading for the May PMI composite index was 51.7.
• A reading above 50 indicates economic expansion.

The Purchasing Managers' Index (PMI) composite index, a key indicator of economic activity, has been revised downwards for May. The final reading now stands at 51.5, a slight decrease from the preliminary figure of 51.7. A reading above 50 generally indicates expansion in economic activity, while a reading below 50 suggests contraction. This downward revision suggests a slightly softer pace of growth than initially reported for the month.