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Market Impact: 0.22

US Service Sector Expands at a Slower Pace

Economic DataConsumer Demand & Retail

The US services sector expanded in June but at a slightly slower pace, with the ISM services index slipping 0.5 point to 54. The moderation suggests some cooling in service-sector momentum, which may temper near-term growth expectations but is not yet a major downturn signal.

Analysis

The US services sector expanded in June but at a slightly slower pace, with the ISM services index slipping 0.5 point to 54. The moderation suggests some cooling in service-sector momentum, which may temper near-term growth expectations but is not yet a major downturn signal.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15