US Services Activity Grows More than Expected: S&P
The S&P Global US Services PMI inched down to 53.1 in June of 2025 from 53.7 in the previous month, slightly ahead of market expectations of 52.9 to sustain the strong growth momentum among private-sector services providers, according to a preliminary estimate.
New business deals continued to increase, supported by a fresh increase in domestic demand that offset another period of contraction for export orders, pressured by concerns of tariffs by the government.
Source: Trading Economics