Updated: 06-Jul-26 10:18 ET
Highlights
- The ISM Services PMI decreased to 54.0% in June (Briefing.com consensus: 54.2%) from 54.5% in May.
- The dividing line between expansion and contraction is 50.0%, so the June reading reflects services sector activity growing just a tad slower than the prior month.
- The Business Activity/Production Index fell to 55.4% from 57.7%.
- The New Orders Index dropped to 55.1% from 57.3%.
- The Employment Index increased to 51.2% from 47.9%.
- The Prices Index decreased to 67.7% from 71.3%, marking the nineteenth consecutive month above 60.0%.
- The Supplier Deliveries Index slipped to 54.4% from 55.2%.
- The Backlog of Orders Index jumped to 54.9% from 51.3%.
- The key takeaway from the report is that activity in the services sector is still running at a good pace despite ongoing price pressures. The June reading was 0.9 percentage points above the 12-month average of 53.1%.
| Category | JUN | MAY | APR | MAR | FEB |
| Non-Manufacturing ISM index | 54.0 | 54.5 | 53.6 | 54.0 | 56.1 |
| Business Activity | 55.4 | 57.7 | 55.9 | 53.9 | 59.9 |
| New Orders | 55.1 | 57.3 | 53.5 | 60.6 | 58.6 |
| Employment | 51.2 | 47.9 | 48.0 | 45.2 | 51.8 |
| Deliveries (nsa) | 54.4 | 55.2 | 56.8 | 56.2 | 53.9 |
| Inventories (nsa) | 51.2 | 62.5 | 53.1 | 54.8 | 56.4 |
| Exports (nsa) | 50.4 | 50.0 | 52.1 | 50.7 | 57.2 |
| Imports (nsa) | 49.4 | 51.1 | 54.7 | 55.2 | 51.8 |
| Prices Paid | 67.7 | 71.3 | 70.7 | 70.7 | 63.0 |
