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Market Update : 
U.S. Service Sector Expands 60.7%
Author: 123jump.com Staff
123jump.com
Last Update: 10:28 AM EDT July 05 2007


The 14 industries reporting growth in June — listed in order — are: Construction; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Other Services; Accommodation & Food Services; Finance & Insurance; Educational Services; Public Administration; Utilities; Retail Trade; Management of Companies & Support Services; Information; Health Care & Social Assistance; and Wholesale Trade. There are no industries reporting decreased activity from May to June.

 
The following is the un-edited press release from the Institute for Supply Management.


TOP PERFORMING INDUSTRIES

The 14 industries reporting growth in June — listed in order — are: Construction; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Other Services; Accommodation & Food Services; Finance & Insurance; Educational Services; Public Administration; Utilities; Retail Trade; Management of Companies & Support Services; Information; Health Care & Social Assistance; and Wholesale Trade. There are no industries reporting decreased activity from May to June.

WHAT RESPONDENTS ARE SAYING ...

""""Business remains steady and as predicted."""" (Construction)
""""General business is on the rise with good rates holding through the Q2 period."""" (Real Estate, Rental & Leasing)
""""Although business this month is better than last month, business in 2007 has been worse than business in 2006."""" (Retail Trade)
""""In general business is stable."""" (Agriculture, Forestry, Fishing & Hunting)
""""Fuel prices remain high with many vendors adding a fuel surcharge."""" (Professional, Scientific & Technical Services).

COMMODITIES REPORTED UP / DOWN IN PRICE, and IN SHORT SUPPLY

Commodities Up in Price

Building Materials (2); Car Rentals (2); Car Service; Cheese; Contract Labor; Copper Wire; Corrugated; #1 Diesel Fuel (4); #2 Diesel Fuel (4); Electricity; Fuel (5); Fuel Surcharges; Gasoline* (8); Hotel Costs (13); Paper (41); Paper Products (3); Poly Bags; Postal Rates; and Roofing.

Commodities Down in Price

Diesel Fuel* and Gasoline*.

Commodities in Short Supply

The only commodity reported in short supply is Construction Services.

*Reported both Up and Down in price.


JUNE 2007 NON-MANUFACTURING INDEX SUMMARIES

Business Activity

ISM''s Non-Manufacturing Business Activity Index in June registered 60.7 percent compared to the 59.7 percent registered in May, indicating a faster rate of growth in business activity in June. The implication is that non-manufacturing business activity is continuing to increase for the 51st consecutive month. Fourteen industries reported increased business activity, and no industry reported decreased activity for the month of June.

The industries reporting growth of business activity in June are: Construction; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Other Services*; Accommodation & Food Services; Finance & Insurance; Educational Services; Public Administration; Utilities; Retail Trade; Management of Companies & Support Services; Information; Health Care & Social Assistance; and Wholesale Trade.

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