The Institute of Supply Management (ISM) has now released the June Services Purchasing Managers’ Index (PMI). The headline Composite Index is at 55.3 percent, down 0.6 from 55.9 last month. Today’s number came in above the Investing.com forecast of 54.3 percent.
Here is the report summary:
(Tempe, Arizona) — Economic activity in the services sector grew in June for the 25th month in a row — with the Services PMI ® registering 55.3 percent, say the nation’s purchasing and supply executives in the latest Services ISM ® Report On Business ®.
