AI Data Insight
The US June Markit Flash Services PMI rose from 50.9 in the previous month to 51.3, outperforming the market expectation of 51.0. Although the World Cup tournament drove short-term demand, both input costs and selling prices hit recent highs, and employment contracted for two consecutive months. Moving forward, businesses still face pressure from uncertainties such as high interest rates, Middle East geopolitics, and tariffs.