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U.S. Service Sector Activity Shows Substantial Turnaround

"In the latest sign of the rapid economic recovery, the Institute for Supply Management released a report on Monday showing a substantial turnaround in U.S. service sector activity in the month of June. 


The ISM said its non-manufacturing index spiked to 57.1 in June from 45.4 in May, with a reading above 50 indicting an increase in service sector activity. 


... The much bigger than expected increase by the headline index came as the business activity index skyrocketed to 66.0 in June from 41.0 in May and the new orders index soared to 61.6 from 41.9. 


The employment index also jumped to 43.1 in June from 31.8 in May, although the reading below 50 indicates employment in the service sector contracted for the fourth month in a row"


(U.S. Service Sector Activity Shows Substantial Turnaround In June dated July 6, 2020 via 


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