USA: Services Sector Expands Slightly Faster.

The S&P Global US Services PMI rose to 51.3 in June 2026 from 50.7 in May, just above the market consensus of 51, according to a preliminary estimate. The latest reading indicated a modest improvement in business activity, the strongest since February, partly linked to the soccer World Cup. Output and new orders rose only slightly, with firms citing high prices, elevated interest rates, and weak confidence among businesses and consumers. Meanwhile, employment fell for a second month running. Supplier delivery times lengthened markedly, often linked to shipping disruptions due to the war in the Middle East as well as tariffs. In terms of prices, services input cost inflation climbed to a six-month high, while selling price inflation reached an 11-month high. Expectations for output in the year ahead improved, but sentiment remained well below long-run average, amid uncertainty over the economic outlook, the Middle East war, and tariff policies.