近一年来首次！美国服务业活动陷入萎缩区间

Core Viewpoint - The ISM reported a decline in the US non-manufacturing PMI to 49.9, marking the lowest level since June 2024, indicating a contraction in the service sector [1][3] Group 1: Economic Indicators - The new orders index plummeted by 5.9 points to 46.4, the largest drop in nearly a year [3] - The business activity index fell by 3.7 points to 50, the lowest in five years [3] - The payment prices index surged to 68.7, the highest since November 2022 [3] Group 2: Sector Performance - The accommodation and food services sector was one of the few growth highlights, while eight other service sectors, including retail, construction, and transportation, experienced contraction [3] - Backlogs of orders decreased to the lowest level since August 2023 [3] Group 3: Employment and Supply Chain - The employment index increased by 1.7 points to 50.7, indicating nearly stagnant hiring [3][6] - The supplier delivery index rose, suggesting longer delivery times as companies adjust their supply chains [5] Group 4: Trade and Policy Impact - Both the export and import indices showed contraction, reflecting the impact of fluctuating trade policies from the Trump administration [4]