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<p>The ISM Services Index fell to a reading of 60.1% in June, still firmly in expansion territory and just 3.9% below its record high from the month before.&nbsp; While the service sector remains strong, inflation continues to be a primary concern.</p>
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<p>The “Prices Paid” Index for the service sector remains near the highest level in its history, which is proving to be a challenge for many businesses.&nbsp; The Institute for Supply Management highlighted the issue in this month’s report by stating, “<em>Challenges with materials shortages, inflation, logistics and employment resources continue to be an impediment to business conditions.”</em>&nbsp;</p>
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<div class="wp-block-image"><figure class="aligncenter size-large"><img src="https://ns2020-investech.investech.com/wp-content/pdf_files_wp/ISM-Services-June-2021.jpg" alt="" class="wp-image-9246"/></figure></div>
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<p>Also available to read in PDF <a href="https://ns2020-investech.investech.com/wp-content/pdf_files_wp/ISM-Services-June-2021-2.pdf" target="_blank" rel="noreferrer noopener">format</a></p>
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