Growth in U.S. service sector activity slowed slightly in the month of June, according to a report released by the Institute for Supply Management on Monday.
The ISM said its services PMI edged down to 54.0 in June after rising to 54.5 in May, although a reading above 50 still indicates growth. The modest decrease matched economist estimates.
The slight pullback by the headline index came amid slowdowns in the pace of growth in both business activity and new orders.
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