Tempe, AZ, July 6--Business activity in the non-manufacturing sector increased in June 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report on Business.
The report pegged business activity in the increased 3.7 percent to 62.2%. The employment rose up 4 points to 57.4%,
Accordng to the report, non-manufacturing business activity increased for the 27th consecutive month in June. Business activity increased at a faster rate in June than in May and new orders and the backlog of orders increased more slowly, but employment increased faster in June.
The association said that the overall indication is continued economic growth in the non-manufacturing sector in June at about the same rate of increase as in May. The Prices Index increased in June, indicating that recent increases in energy are being felt by non-manufacturing industries.
