Updated: 03-Jul-25 10:32 ET
Highlights
- The ISM Services PMI increased to 50.8% in June (Briefing.com consensus 50.3%) from 49.9% in May.
- The dividing line between expansion and contraction is 50.0%, so the June reading reflects services sector activity returning to an expansion mode.
- The Business Activity/Production Index increased to 54.2% from 50.0%.
- The New Orders Index rose to 51.3% from 46.4%.
- The Employment Index fell to 47.2% from 50.7%.
- The Prices Index dipped to 67.5% from 68.7%.
- The Supplier Deliveries Index dropped to 50.3% from 52.5%.
- The Backlog of Orders Index slipped to 42.4% from 43.4%.
- The key takeaway from the report is that services sector activity returned to growth mode, albeit a growth mode that is still modest at best, while the prices index dipped slightly from May. This is not a report exuding a lot of strength for the largest economic sector, but the direction of travel between May and June (up in activity and down in prices) marks a step in the right direction.
| Category | JUN | MAY | APR | MAR | FEB |
| Non-Manufacturing ISM index | 50.8 | 49.9 | 51.6 | 50.8 | 53.5 |
| Business Activity | 54.2 | 50.0 | 53.7 | 55.9 | 54.4 |
| New Orders | 51.3 | 46.4 | 52.3 | 50.4 | 52.2 |
| Employment | 47.2 | 50.7 | 49.0 | 46.2 | 53.9 |
| Deliveries (nsa) | 50.3 | 52.5 | 51.3 | 50.6 | 53.4 |
| Inventories (nsa) | 52.7 | 49.7 | 53.4 | 50.3 | 50.6 |
| Exports (nsa) | 51.1 | 48.5 | 48.6 | 45.8 | 52.1 |
| Imports (nsa) | 51.7 | 48.2 | 44.3 | 52.6 | 49.6 |
| Prices Paid | 67.5 | 68.7 | 65.1 | 60.9 | 62.6 |
