Summary
- The U.S. June S&P Global Services PMI came in at 51.3.
- The reading was above the market forecast of 51.1.
- The index rose from 50.7 in the previous month, extending expansion in the services sector.
Forecast Trend Report by Period
U.S. services activity remained in expansion territory in June, edging past market expectations.
Investing.com reported on June 23 that the S&P Global U.S. Services Purchasing Managers’ Index stood at 51.3 in June. That was above the market forecast of 51.1 and up from 50.7 in the previous month.
A PMI reading above 50 signals expansion, while a reading below that level points to contraction. The latest reading indicates the services sector remained in expansion. The improvement from the prior month also suggests a modest recovery in services activity.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
