U.S. ECONOMICS: ISM Services Slips; Employment Input Hits Highest Since January

By MidnightTrader.com Staff,

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The ISM services index dipped to 56.0 in June from 56.3 in May, a little lower than estimates of 56.2. The business activity index declined to 57.5 from 62.1. The employment component improved to 54.4 from 52.4, the best since January. New orders edged up to 61.2 from 60.5, the highest since January 2011. Export orders climbed to 55.0 from 53.0. The expansion in prices paid slowed slightly as the index slipped to 61.2 from 61.4. The manufacturing and services composite index was steady at 55.9 (May revised from 56.2).

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