The Institute for Supply Management reported a US Non-Manufacturing PMI reading of 54.0 for June 2026, released on 6 July 2026. The headline figure matched the consensus estimate but fell from May's 54.5, marking a deceleration in services-sector expansion. The data was reported by Finnhub and confirmed by Bloomberg Markets.
Within the report, several sub-indices declined meaningfully. The business activity component fell to 57.7 from its prior level, the employment index dropped to 47.9, moving below the 50 threshold that separates expansion from contraction. New orders eased to 57.3, and the prices paid index declined to 71.3, indicating some moderation in services-sector cost pressures.
US equity index futures tied to broad market performance — SPY tracking the S&P 500 and QQQ tracking the Nasdaq-100 — are directly affected as the services sector represents the dominant share of US economic output, with this data informing assessments of corporate earnings conditions across financial services, healthcare, and retail. The US Dollar Index (DXY) reflects shifts in interest rate expectations that labour and inflation sub-indices within this report directly influence.
No official Federal Reserve or government statement was issued in direct response to the June ISM Non-Manufacturing release. The employment sub-index reading below 50 represents the first contractionary signal from that component in the current data sequence, as reported by Finnhub.
Sources: investinglive.com, Bloomberg Markets