June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion

Human ResourcesMoney Matters
Written By Jennifer Joslyn

👩‍🔧 June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion.

The latest ISM Report on Business reveals that the services economy experienced growth in June, marking the sixth consecutive month of expansion. The Services PMI stood at 53.9, indicating growth, with 15 out of the 18 services sectors showing gains. Despite concerns about rising inflation and potential interest rate hikes, panelists expressed optimism about the continued growth of the services sector in the coming months.

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Jennifer Joslyn
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