The US economy slowed in May

Data released by Standard & Poor's Global showed that the composite Purchasing Managers' Index, which combines the manufacturing and services sectors in the United States, fell to 53.8 points in May from 56.0 points in April.

The orders index of the composite PMI fell to 54.4 points in May from 56.6 points in April, and the services PMI fell to 53.5 points in May from 55.6 points in April. The data showed that the manufacturing purchasing managers' index fell to 57.5 points in May from 59.2 points in April, with the production measure falling to 55.2 points in May from 57.6 points in April, while the measure of prices paid to inputs rose to 84.9 points in May compared to 81.9 points in April.