US Services Sector Growth Slightly Accelerates in June

The ISM non-manufacturing PMI index rose to 56 percent in June of 2015 from 55.7 percent in May. While business activity and new orders subindexes increased, employment and prices components were weaker.

The Non-Manufacturing Business Activity Index increased to 61.5 percent, which is 2 percentage points higher than the May reading of 59.5 percent, reflecting growth for the 71st consecutive month at a faster rate. 

The New Orders Index registered 58.3 percent, 0.4 percentage point higher than the reading of 57.9 percent registered in May. 

The Employment Index decreased 2.6 percentage points to 52.7 percent from the May reading of 55.3 percent and indicates growth for the 16th consecutive month. 

The Prices Index decreased 2.9 percentage points from the May reading of 55.9 percent to 53 percent, indicating prices increased in June for the fourth consecutive month. 

According to the NMI®, 15 non-manufacturing industries reported growth in June. The majority of respondents’ comments are positive about business conditions and the economy.

US Services Sector Growth Slightly Accelerates in June

ISM | Joana Taborda |
7/6/2015 3:16:09 PM