PhotoGrowth in the non-manufacturing, or services, sector of economy picked up steam in June.

According to the Institute for Supply Management (ISM), the sector was up 3.6% from May to a reading of 56.5%, representing continued growth in the non-manufacturing sector at a faster rate. It also marked the 77th consecutive month of expansion.

A reading above 50 indicates expansion, while below that suggests contraction.

The New Orders Index registered 59.9%, 5.7% points higher than the reading of 54.2% in May. The Employment Index grew 3% in June after contracting in May to 52.7%. The Prices Index dipped 0.1% from May to 55.5%, the third consecutive price increase.

Industry by industry

The 15 non-manufacturing industries reporting growth in June were:

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

The three industries reporting contraction were:

  1. Educational Services;
  2. Professional, Scientific & Technical Services; and
  3. Other Services.

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