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ISM Services PMI Flash News List | Blockchain.News
Flash News List

List of Flash News about ISM Services PMI

Time Details
2025-06-05
15:43
ISM Services PMI New Orders Plunge to Post-2008 Low: Key Implications for Crypto Markets

According to The Kobeissi Letter, the ISM Services PMI new orders index fell sharply by 5.9 points in May, reaching 46.4, marking its second-lowest level since 2020 and its lowest since the 2008 Financial Crisis when excluding the pandemic period (source: @KobeissiLetter, June 5, 2025). This significant downturn in both manufacturing and services demand signals rising recessionary risks, which historically trigger increased volatility and risk-off sentiment in traditional financial markets. For the cryptocurrency market, such macroeconomic weakness often results in heightened short-term volatility, as investors rebalance portfolios and seek alternative assets. Traders should monitor risk sentiment closely, as deteriorating economic data may prompt shifts into digital assets or intensified selling pressure depending on liquidity and broader market reactions.

Source
2025-06-05
15:43
ISM Services PMI New Orders Plunge: 2025 Low Signals Economic Downturn and Crypto Market Volatility

According to The Kobeissi Letter, the ISM Services PMI new orders index dropped by 5.9 points in May 2025 to 46.4, marking its second-lowest level since 2020 and, excluding 2020, the lowest since the 2008 Financial Crisis (source: The Kobeissi Letter, Twitter, June 5, 2025). This sharp deterioration in both manufacturing and services demand heightens concerns about a broader economic slowdown, directly impacting investor risk sentiment. Cryptocurrency markets tend to react strongly to such traditional economic stress signals, historically leading to increased volatility and potential liquidity outflows from risk assets as macroeconomic uncertainty escalates.

Source