最新的5月份ISM制造业报告显示，在新增订单和生产的推动下，已连续第五个月扩张。然而，就业和库存却出现收缩迹象。一个关键的担忧是服务业生产率准确测量的难度，由于缺乏标准的产出单位，这给投资者和政策制定者带来了风险。 AI
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ISM制造业5月扩张，但面临生产率衡量挑战
报道来源 [4]
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服务业生产力在结构上对当前宏观数据是不可见的，投资者、政策制定者和公众承担着犯错的风险。(4/4)
Services productivity is structurally invisible to the current macro data, and investors, policymakers and the public bear the risk of a mistake. (4/4) https://t.co/xcLzKeyXKc
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就业与生产的持续差距，伴随大幅价格波动，是我们长期以来在制造业中看到的模式，且数据对此具有鲁棒性。该
The sustained gap between employment and production, with a large price swing, is a pattern we have long seen in manufacturing and the data is robust to it. The same footprint would be near-impossible to detect in services, where there is no standard unit of output. (3/4) https:/…
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五月为连续第五个月稳健扩张。新订单和产量推高了指数，供应商交付量保持高位，而就业
May was the fifth straight month of solid expansion. New orders and production pushed the index higher and supplier deliveries stayed elevated, while employment and inventories were mildly contracting. (2/4) https://t.co/Joip0Ll3Qf
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ISM制造业，五月。另一份80多分的物价指数成为头条新闻，但伊朗/美国冲突的结束看起来仍遥遥无期，这不应
ISM manufacturing, May. Another prices reading in the 80s is grabbing headlines, but with a conclusion to the Iran/US conflict looking no closer, it shouldn't come as a surprise. But there was more to it than the scary inflation number. (1/4) 🧵 https://t.co/9xM4npGfWk