(CercleFinance.com) – Growth in the tertiary sector in the United States increased much more than expected in June, according to the results of the Institute for Supply Management’s (ISM) monthly survey of purchasing managers.
The sectoral index of professional organization rose to 53.9 from 50.3 in May, while economists on average forecast a more limited rebound, around 51.3.
The activity sub-index reached 59.2, after 51.5 the previous month, while that of new contracts rose to 55.5 from 52.9.
The price paid component is one of the few to register a decline, at 54.1 against 56.2, while the employment sub-index improved to 53.1 against 49.2 .
Released earlier, S&P Global’s rival PMI index fell to 54.4 in June, from 54.9 in May, a level that, however, suggests GDP growth of nearly 2% in second quarter, according to the authors of the report.
2023-07-06 14:13:00
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