Commentary

The U.S. Services PMI came in at 64.6 for June versus 64.8 for May, and the ISM Services Index came in at 60.1 for June versus 64.0 for May. Both Indexes are still nicely expansionary.

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The U.S. Consumer Price Index was up 0.6% in May versus 0.8% in April. For the year ended May 31, 2021, the CPI was up 5.0%.

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The Purchasing Managers Index came in at 62.1 for May versus 61.5 for April. The ISM Manufacturing Index was 61.2 for May.

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