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Non-manufacturing activity slowest in three years

July 03 2013

Economic activity in the non-manufacturing sector grew in June at its slowest pace since February 2010, according to the Institute for Supply Management’s Non-Manufacturing Report on Business released today.

The institute’s non-manufacturing business activity index fell in June to a reading of 52.2 from May’s reading of 53.7. This month’s reading reflects the lowest reading for the index since February 2010, when the index registered 51.7 percent. Readings above 50 indicate growth.

However, the employment portion of June’s index registered 54.7, up 4.6 percentage points from May’s reading of 50.1.

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