FX.co ★ US Services Sector Takes a Breather as PMI Slips Slightly in June

The United States services sector showed a slight cooling off in June, with the S&P Global Services PMI dipping marginally to 53.1. This decline from May's figure of 53.7 signals a modest deceleration in the growth of the services industry, according to the recent data released on June 23, 2025.

While the PMI remains above the neutral 50 mark, indicating that the sector is still expanding, the slight drop could suggest potential slowdown concerns for some businesses within the sector. May had set a more robust tone with a stronger expansion pace at 53.7, but June's pullback might indicate that several service industries are adjusting to external economic factors.

This minor decline comes at a crucial time as businesses and policymakers closely monitor shifts in economic dynamics amid ongoing adjustments in monetary policies. Analysts will be watching to see if this trend continues in the coming months or if the industry rebounds to sustain its earlier momentum. The services sector, being a significant contributor to the U.S. economy, plays a crucial role in shaping broader economic projections.