US business activity expanded modestly in May as strong manufacturing output continued offsetting softer services demand, though survey data increasingly pointed to a more uncomfortable mix of slowing growth and rising inflation pressures. Flash US Composite PMI Output Index held unchanged at 51.7, while Services PMI Business Activity Index eased slightly from 51.0 to 50.9, […]The post Flash US PMI Data Show Manufacturing Strength Offsetting Slowing Demand and Rising Inflation appeared first on ActionForex.