MTSI Services PMI Composite Indexes: June 2025 (Final)
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| Index | May 2025 | June 2025 |
|---|---|---|
| General PMI | -0.90 | -1.13 |
| Activity | -1.58 | -1.42 |
| Revenue | -1.25 | -1.37 |
| New Orders | -1.86 | -1.95 |
| Employment | -0.52 | -1.08 |
| Prices Paid | 0.25 | 0.33 |
| Prices Received | -0.21 | -0.27 |
| Wages | -0.47 | -0.85 |
The MTSI Services PMI Composite Index dropped from -0.90 in May to -1.13 in June with all services PMIs reporting.
- Revenue and New Orders both deteriorated in June with the latter close to 2 standard deviations below its series mean.
- The decline in Employment has sharpened from -0.52 in May to -1.08 in June.
- Prices Paid (slightly higher) and Prices Received (slightly lower) are diverging which may signal a weakening in service firms ability to pass on input cost inflation.
- Wage growth has weakened further in June with the index dropping since January 2021.
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