US June ISM services 48.8 vs 53.8 in May
Below expectations (Il Sole 24 Ore Radiocor) - Washington, 03 Jul - The Institute for Supply Management's index of non-manufacturing activities, a gauge of the US service sector, fell to 48.8 in June from 53.8 in May.
Expectations were for a reading of 52.6.
A reading above 50 indicates expansion.
The business activity index fell to 49.6 from 61.2 in May, while the new orders index in June fell to 47.3 from 54.1.
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(RADIOCOR) 03-07-24 16:13:48 (0545) 5 NNNN