Business activity in the non-manufacturing sector increased at a faster rate in June than in May, according to purchasing and supply executives in the latest non-manufacturing Institute for Supply Management Report On Business.
According to ISM, non-manufacturing business activity increased for the 51st consecutive month in June. The institute said business activity and employment increased at a faster rate in June than in May. The institute’s business activity index registered 60.7 percent, the highest since April 2006 when it registered 61.1 percent. Its new orders index decreased to 56.9 percent and the prices index decreased to 65.5 percent in June, both indicating growth at a slower rate than in May.
The 14 industries reporting growth in June – listed in order – are: construction; real estate, rental and leasing; arts, entertainment and recreation; other services; accommodation and food services; finance and insurance; educational services; public administration; utilities; retail trade; management of companies and support services; information; health care and social assistance; and wholesale trade.
