US Services PMI Slips to 54.0 in June as Employment Rebounds to 51.2
Updated
Updated · investinglive.com · Jul 6
US Services PMI Slips to 54.0 in June as Employment Rebounds to 51.2
3 articles · Updated · investinglive.com · Jul 6
Summary
June’s ISM non-manufacturing PMI came in at 54.0, matching forecasts but easing from 54.5 in May, signaling slower—though still solid—services expansion.
Business activity fell to 55.4 from 57.7 and new orders to 55.1 from 57.3, pointing to softer demand behind the headline slowdown.
Employment rose to 51.2 from 47.9, while prices paid dropped to 67.7 from 71.3, suggesting firms added staff even as cost pressures cooled.
The report still marked a 24th straight month of expansion above 50, with imports slipping into contraction at 49.4 as backlogs improved to 54.9.