Summary
- The U.S. July Services PMI was reported at 55.7, slightly exceeding market expectations.
- This figure is higher than the previous month and is said to be the highest so far in 2025.
- It was assessed that the increase in new orders and improvements in customer demand have driven the recovery of the service sector.
The United States' July Services Purchasing Managers' Index (PMI) exceeded market expectations.
According to the PMI report released by S&P Global on the 5th (local time), the U.S. Services PMI for July was 55.7, slightly above the market expectation of 55.2. This figure represents an increase from the previous month (52.9) and is the highest level so far in 2025.
S&P Global commented, "The increase in new orders drove activity across the service sector," and added, "Improvements in customer demand, securing new clients, and increases in new product work have all contributed to the ongoing recovery."
Meanwhile, a PMI of 50 is the baseline for assessing expansion or contraction in the service sector.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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