6 Jul 2015
US service sector expands at a faster rate in June
FXStreet (Mumbai) - The Institute for Supply Management’s (ISM) non-manufacturing index ticked higher to 56.00 in June from 55.7 in May. The actual figure missed the expected print of 56.2.
The new orders gauge increased to 58.3 in June from 57.9 the prior month. The business activity index, which parallels the ISM’s factory production gauge, climbed to 61.5 last month from 59.5 in May. The ISM’s measure of employment dropped to 52.7, the lowest level since January, from 55.3 in May.
ISM’s June manufacturing index released last week showed the activity reached the highest level in five months.
The new orders gauge increased to 58.3 in June from 57.9 the prior month. The business activity index, which parallels the ISM’s factory production gauge, climbed to 61.5 last month from 59.5 in May. The ISM’s measure of employment dropped to 52.7, the lowest level since January, from 55.3 in May.
ISM’s June manufacturing index released last week showed the activity reached the highest level in five months.