The ISM Services PMI rose to 50.8 in June from 49.9 in May, signaling a return to expansion in the US services sector after briefly contracting in May.

• New Orders rebounded +4.9 pts to 51.3, driven by domestic demand and companies reshoring operations.
• Business Activity jumped +4.2 pts to 54.2, supported by holiday-related sales and facility-scale operations.
• Employment fell -3.5 pts to 47.2, returning to contraction amid paused hiring and internal backfilling.
• Prices eased -1.2 pts to 67.5 but remained elevated, with widespread cost increases tied to tariffs and wages.
• Backlogs shrank for the fourth straight month (42.4)
• New export orders and imports both returned to expansion, rising 2.6 pts to 51.1 and 3.5 pts to 51.7, respectively.