FX.co ★ US Services Activity Grows More than Expected: S&P

In June 2025, the S&P Global US Services PMI slightly decreased to 53.1 from May's 53.7, outperforming market predictions of 52.9. This indicates sustained robust growth among private-sector service providers, as per preliminary estimates. There was continued growth in new business deals, propelled by rising domestic demand, which compensated for another downturn in export orders due to apprehensions about government-imposed tariffs.