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40 <br />45 <br />50 <br />55 <br />60 <br />65 <br />70 <br />Institute of Supply Management (ISM) Surveys <br />ISM Manufacturing ISM Services <br />EXPANDING <br />CONTRACTING <br />Manufacturing activity cooled slightly in June, with the Institute for Supply Management's Manufacturing Index easing to 53.3%, down 0.7 <br />percentage point from May but still marking a sixth consecutive month of expansion. Services activity also moderated,as the ISM Services <br />Index eased to 54.0% from 54.5%, a twenty-fourth consecutive month in expansion territory. Business activity and new orders both slowed, <br />though the employment component jumped to 51.2% from 47.9%, its strongest reading since late 2021 and the first expansion in services <br />hiring in four months. <br />Source: Institute for Supply Management <br />PURCHASING MANAGERS INDEX (PMI) <br />11 <br />Page 181 of 373