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Key Points: ISM Services PMI improved from 49.9 to 50.8. Factory orders increased by 8.2% month-over-month in May. SP500 gained ground as traders reacted to the reports.
The Institute for Supply Management (ISM) released its June Services Purchasing Managers' Index (PMI), with the headline composite index at 50.8.
The U.S. ISM Services PMI rose to 50.8 in June from 49.9 in the prior month, compared with the 50.8 consensus, according to data released by the Institute for Supply Management on Thursday.
The Services PMI ® indicated expansion at 50.8 percent, above the 50-percent breakeven point for 11th time in the last 12 months.
The business activity in the US services sector expanded at a modest pace in June, with the Institute for Supply Management's (ISM) Services Purchasing Managers' Index (PMI) rising to 50.8 from 49 ...
Economic activity in the US service sector accelerated slightly in June, with the ISM Services PMI rising to 50.8 from 49.9 in May, above analysts' expectations of 50.5.
Services sector activity returned to growth in June, following contraction in May, for the first time after 10 consecutive months of growth, according to the new edition of the Services ISM Report on ...
S&P Global Services PMI data are available from 2009 while ISM non-manufacturing data are available from 1997. International comparability ...
The U.S. ISM Services PMI retreated to 49.9 in May from 51.6 in April, missing the 52.0 consensus, according to data released by the Institute for Supply Management on Wednesday.
Miller continues, "May's PMI ® level is not indicative of a severe contraction, but rather uncertainty that is being expressed broadly among ISM Services Business Survey panelists.
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