U.S. Services Activity Unexpectedly Held Up in June

Activity among U.S. services providers kept growth momentum in June

in a sign that the pandemic reopening boom

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The Institute for Supply Management said Wednesday that its index of services

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activity fell to 55.3 in June from 55.9 in May,

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the lowest level since May 2020. Howeve

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the reading came in above the 54.0 consensus forecast

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that economists expected in a poll by The Wall Street Journal.

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The indicator, which is based on a survey to services providers across the U.S.,

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