Service-Sector Index Expanded to 59.1% in June

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Service-Sector Index Expanded to 59.1% in June

Tempe, AZ, July 5, 2018-The June Non-Manufacturing Index registered 59.1%, which is 0.5 percentage point higher than the May reading of 58.6%, according to the latest Non-Manufacturing ISM Report On Business.

This represents continued growth in the non-manufacturing sector at a slightly faster rate.

The Non-Manufacturing Business Activity Index increased to 63.9%, 2.6 percentage points higher than the May reading of 61.3%, reflecting growth for the 107th consecutive month, at a faster rate in June.

The New Orders Index registered 63.2%, 2.7 percentage points higher than the reading of 60.5% in May.

The Employment Index decreased 0.5 percentage point in June to 53.6% from the May reading of 54.1%.

The Prices Index decreased by 3.6 percentage points from the May reading of 64.3% to 60.7%, indicating that prices increased in June for the 28th consecutive month. According to the NMI, 17 non-manufacturing industries reported growth.

The 17 non-manufacturing industries reported growth in June-listed in order-are mining; construction; wholesale trade; retail trade; public administration; educational services; real estate, rental & leasing; management of companies & support services; transportation & warehousing; health care & social assistance; utilities; finance & insurance; arts, entertainment & recreation; other services; professional, scientific & technical services; information; and accommodation & food services. The only industry reporting a decrease is agriculture, forestry, fishing & hunting.