Updated: 06-Jul-21 12:22 ET
| June ISM Non-Manufacturing Index |
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| Updated: 06-Jul-21 12:22 ET |
Highlights
- The ISM Non-Manufacturing Index for June decreased to 60.1% (Briefing.com consensus 63.0%) from a record-high 64.0% in May. The dividing line between expansion and contraction is 50.0%.
- The June reading marks the thirteenth straight month of growth for the services sector.
Key Factors
- The New Orders Index slipped to 62.1% from 63.9%.
- The Production Index fell to 60.4% from 66.2%.
- The Prices Index dipped to 79.5% from 80.6%, which was the highest level since July 2008.
- The Employment Index dropped to 49.3% from 55.3%.
- The Supplier Deliveries Index decreased to 68.5% from to 70.4%.
- The Backlog of Orders Index rose to 65.8% from 61.1%.
Big Picture
- The key takeaway from the report is the understanding that services sector activity is still running at a fast pace, although it has moderated since May with some of the slowdown driven by services companies experiencing difficulties with employee turnover and finding qualified candidates.
| Category | JUN | MAY | APR | MAR | FEB |
| Non-Manufacturing ISM index | 60.1 | 64.0 | 62.7 | 63.7 | 55.3 |
| Business Activity | 60.4 | 66.2 | 62.7 | 69.4 | 55.5 |
| New Orders | 62.1 | 63.9 | 63.2 | 67.2 | 51.9 |
| Employment | 49.3 | 55.3 | 58.8 | 57.2 | 52.7 |
| Deliveries (nsa) | 68.5 | 70.4 | 66.1 | 61.0 | 60.8 |
| Inventories (nsa) | 49.9 | 51.5 | 49.1 | 54.0 | 58.9 |
| Exports (nsa) | 50.7 | 60.0 | 58.6 | 55.5 | 57.6 |
| Imports (nsa) | 58.2 | 50.4 | 55.7 | 50.7 | 50.5 |
| Prices Paid | 79.5 | 80.6 | 76.8 | 74.0 | 71.8 |