U.S. service providers reported stronger activity last month, pointing to momentum in the broadest segment of the economy.
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The Institute for Supply Management said Thursday its index of nonmanufacturing activity -- covering industries such as construction, mining, hair-cutting and accounting -- rose to 57.4 in June from 56.9 in May. A reading above 50 indicates expanding activity, as measured by sales, production, hiring and other factors.
Economists surveyed by The Wall Street Journal had expected a reading of 56.5 for June.
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(END) Dow Jones Newswires
July 06, 2017 10:30 ET (14:30 GMT)