US ISM non-manufacturing PMI rises to 56.5 in June

Ani Salama FXStreet

The Institute for Supply Management's non-manufacturing PMI rose to 56.5 in June from 52.9 in May, posting the highest reading in 7 months. This reading beat expectations of a 53.3 print.

Among key components of the index, new orders increased to 59.9, from 54.2 the previous month while employment rose to 52.7 from 49.7.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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