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The Institute for Supply Management released its non-manufacturing purchasing managers' index for the U.S. on Monday. The index climbed to 56.0 in June from 55.7 in May, missing expectations for a increase to 56.2.
A reading above 50 indicates a growth in the service sector.
The subindexes were mixed.
The business activity/production index rose to 61.5 in June from 59.5 in May.
The ISM's new orders index increased to 58.3 in June from 57.9 in May.
The ISM's employment index declined to 52.7 in June from 55.3 in May.
The ISM's price index fell to 53.0 in June from 55.9 in May.
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