But the post-weather bounce? Markit’s Services PMI in May missed expectations and dropped for the 2nd month in a row to its lowest since January. This notched the Composite PMI also down to its lowest since Jan, leaving Markit warning “the US economy has lost some momentum after an initial bounce-back from weather-related weakness at the start of the year.” Worst still, ISM Services thenprinted a notably disappointing 55.7 (against 57.0 expectations) – its weakest since April 2014. The breakdown shows weakness across the board with prices rising.