Concerns over government policies have created uncertainty and dampened spending on services more broadly, while ensuring confidence in the outlook remains subdued compared to the optimism seen at the start of the year.
By Jennifer Nash
The June U.S. Services Purchasing Managers’ Index (PMI) from S&P Global came in at 52.9, above the 52.8 forecast. The reading marks the 29th consecutive month of expansion but was a slight slowdown from May’s 53.7 reading.
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