US ISM Services Index rises to 54.5 in May, topping estimates of 53.8; New Orders surge to 57.3
The US ISM Services Index for May came in at 54.5, above the estimate of 53.8 and prior month's 53.6. Prices Paid rose to 71.3, New Orders surged to 57.3, while Employment slipped to 47.9.
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