美國 5 月景氣與就業面呈現分歧，製造業與服務業 PMI 同步回升，反映備貨效應推動短期商業活動升溫，然就業指數卻降至 49.5。高關稅導致投入與最終售價指數顯著上升，加劇通膨壓力，也限制企業擴張與增聘意願。隨著勞動市場趨緩與物價上揚，將導致下半年經濟承壓。
</section><section style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto; box-sizing: inherit; margin: 30px 0px 0px; padding: 0px; border: 0px; font-stretch: inherit; font-size: 20px; line-height: 1.7; font-family: Lato, "Noto Sans TC", "Pingfang TC", "Microsoft Jhenghei", Arial, VideoJS, sans-serif; font-size-adjust: inherit; font-kerning: inherit; font-variant-alternates: inherit; font-variant-ligatures: inherit; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-position: inherit; font-feature-settings: inherit; font-optical-sizing: inherit; font-variation-settings: inherit; vertical-align: initial; letter-spacing: 0.5px; color: rgb(0, 0, 0); text-align: justify; overflow-wrap: break-word;"></section><section style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto; box-sizing: inherit; margin: 30px 0px 0px; padding: 0px; border: 0px; font-stretch: inherit; font-size: 20px; line-height: 1.7; font-family: Lato, "Noto Sans TC", "Pingfang TC", "Microsoft Jhenghei", Arial, VideoJS, sans-serif; font-size-adjust: inherit; font-kerning: inherit; font-variant-alternates: inherit; font-variant-ligatures: inherit; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-variant-position: inherit; font-feature-settings: inherit; font-optical-sizing: inherit; font-variation-settings: inherit; vertical-align: initial; letter-spacing: 0.5px; color: rgb(0, 0, 0); text-align: justify; overflow-wrap: break-word;">雖然因應關稅的提前拉貨使得台股成分股今年上半年營運出現淡季不淡，卻也持續謹慎觀察是否導致下半年旺季不旺。
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