US ISM services PMI edged down to 54 in June from 54.5 in May, marking the 24th consecutive month of expansion, the ISM services report showed. The business activity index fell to 55.4 from 57.7. The prices index declined to 67.7 from 71.3, slipping

2026-07-06

US ISM services PMI edged down to 54 in June from 54.5 in May, marking the 24th consecutive month of expansion, the ISM services report showed. The business activity index fell to 55.4 from 57.7. The prices index declined to 67.7 from 71.3, slipping below 70 for the first time since February; it has stayed above 60 for 19 months and its 12-month average is 68. Diesel, gasoline and oil were again the most-cited input-price risers, though some users reported price declines—attributed to differing contract terms across firms—and a subset said gasoline and diesel purchase prices have fallen, not universally. The ISM committee said oil-price pass-through to supply chains is likely to persist for several months but could ease by autumn if recent improvements in Strait of Hormuz shipping hold.

Other News
2026-07-06

1. Data from the Shanghai Shipping Exchange shows that as of July 3, the Shanghai Containerized Freight Index (SCFI) was 3326.87 points, up 87.23 points from the previous period. 2. According to Jiaolian.com, major coking plants in Hebei, Shanxi, an

2026-07-06

The future data center leasing market is projected to exceed $850 billion, signifying that AI computing power expansion has transitioned from a "capital expenditure-driven" phase to a "long-term contract lock-in" phase. Essentially, tech companies ar