- Preliminary services index 55.2 composite index 54.6. Prior month services 52.9
- Services PMI 55.7 versus 52.9 last month. Preliminary 55.2.
- Composite index 55.1 versus 52.9 last month. Preliminary 54.6.
The more followed ISM nonmanufacturing index will be released at 10 AM expectations of 51.5 versus 50.8 last month.
Highlights from the US service Sector PMI
5 of 7 sectors saw rising business activity in July, up from 4 in June.
Technology: Fastest growth since June 2021; best-performing sector in 3 of last 5 months.
Financials: Second-strongest growth; fastest pace since December 2024.
Industrials: Strong expansion; 18 consecutive months of growth; sharpest rise since May 2022.
Consumer Goods: Marginal growth; weakest in current 4-month expansion streak.
Consumer Services: Marginal growth; slower than the H1 2025 average.
Healthcare: Activity fell slightly; steepest decline since May 2024.
Basic Materials: Output fell for 5th straight month; contraction pace accelerated from June
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