PhotoJune marked the 90th consecutive month of growth in the services, or non-manufacturing, sector of the U.S. economy.

According to the nation's purchasing and supply executives, the Institute for Supply Management's non-manufacturing index came in at 57.4% last month -- up 0.5% from May representing continued growth at a slightly faster rate.

A reading above 50 indicates expansion in the sector; below that suggests contraction.

The Non-Manufacturing Business Activity Index inched up 0.1% to 60.8%, the New Orders Index was up 2.8% to 60.5%, while the Employment Index dropped 2% to 55.8% and the Prices Index increased 2.9% to 52.1%, indicating a price increase following May's decline.

How they did

The 16 non-manufacturing industries reporting growth in June were:

  1. Agriculture, Forestry, Fishing & Hunting;
  2. Wholesale Trade;
  3. Management of Companies & Support Services;
  4. Accommodation & Food Services;
  5. Public Administration;
  6. Transportation & Warehousing;
  7. Professional, Scientific & Technical Services;
  8. Health Care & Social Assistance;
  9. Mining;
  10. Information;
  11. Utilities;
  12. Educational Services;
  13. Construction;
  14. Real Estate, Rental & Leasing;
  15. Retail Trade; and
  16. Finance & Insurance.

Only one industry -- Other Services -- reported contraction.


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