- The June services PMI exceeded expectations.
- The dollar index remains in positive territory about 97.00.
Business activity in the US services sector expanded at a modest rhythm in June, with the purchasing managers index (PMI) of the Supply Management Institute (ISM) rising to 50.8 From 49.9 in May. This reading improved market expectation of 50.5.
The PMI survey index decreased to 47.2 from 50.7, reflecting a decrease in payrolls in the services sector in June. In this period, the paid price index retreated 67.5 from 68.7, while the new request index rose to 51.3 from 46.4.
Market reaction
The DXY dollar index clings to modest daily profits around 97.00 after PMI data.
Economic indicator
ISM Services PMI
This indicator is published by the Institute for Supply Management (ISM) and shows business conditions in the non -manufacturing sector of the United States. A reading exceeding 50 points indicates expansion in economic activity, while a reading of less than 50 points implies a decrease in activity. A result higher than expected is bullish for the dollar, while a result less than consensus is bassist.
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Last publication: JU JUL 03, 2025 14:00
Frequency: Monthly
Current: 50.8
Dear: 50.5
Previous: 49.9
Fountain: Institute for Supply Management
The service purchasing managers index (PMI) of the Institute for Supply Management (ISM) reveals the current conditions in the US services sector, which has historically contributed greatly to GDP. A result above 50 shows the expansion of the economic activity of the services sector. The strongest readings of the expected generally help the USD gain strength in front of their rivals. In addition to the main PMI, investors also closely observe the number of employment index and the paid price index, since they provide useful information about the labor market and inflation.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
