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E.J. Antoni: Service sector contraction slows in May as capex and jobs rise

E.J. Antoni: Service sector contraction slows in May as capex and jobs rise
Service sector contraction eases in May

E.J. Antoni reports that service sector activity continued to slow in May, marking the slowest contraction since January 2025. Capital expenditures increased and employment ticked higher, but inflationary pressures remain elevated.

Supply availability is declining further and the business climate is described as significantly worse than normal.

Antoni previously reported that student loan debt reached a record level in the first quarter, raising concerns for young borrowers here. He also noted a 0.6 percent monthly increase in prices for April, driven mainly by fuel costs here. The recent data add to ongoing pressures facing consumers and businesses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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