US: Economic activity in non-manufacturing sector grew in June for 90th consecutive month - ISM

Eren Sengezer FXStreet

"Economic activity in the non-manufacturing sector grew in June for the 90th consecutive month," said the Institue for Supply Management on Thursday.

Key highlights:

The NMI registered 57.4 percent, which is 0.5 percentage point higher than the May reading of 56.9 percent
This represents continued growth in the non-manufacturing sector at a slightly faster rate
The Non-Manufacturing Business Activity Index increased to 60.8 percent, 0.1 percentage point higher than the May reading of 60.7 percent
The New Orders Index registered 60.5 percent, 2.8 percentage points higher than the reading of 57.7 percent in May
The Employment Index decreased 2 percentage points in June to 55.8 percent from the May reading of 57.8 percent
The Prices Index increased 2.9 percentage points from the May reading of 49.2 percent to 52.1 percent, indicating prices increased in June after decreasing in May

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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