Service sector activity in the U.S. was unchanged in the month of September, the Institute for Supply Management revealed in a report released on Friday.
The ISM said its services PMI fell to 50.0 in September from 52.0 in August, with a reading of 50.0 serving as the breakeven point between expansion and contraction. Economists had expected the index to edge down to 51.7.
The bigger than expected decrease by the headline index partly reflected a downturn by business activity, as the business activity index slumped to 49.9 in September from 55.0 in August. The index entered contraction territory for the first time since May 2020.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.