TD Securities Forecasts ISM Services Index Decline in June

TD Securities strategists anticipate a decline in the ISM Services index for June, following an increase in May. This expected retreat points to a broad-based slowdown in US economic activity and new orders, according to the firm.

The report also highlights ongoing weakness in employment, suggesting continued labor market softness. The services sector has been a key driver of the economy, and any deceleration could have broader implications for the US dollar and interest rate expectations.

• ISM Services index expected to fall in June
• Broad-based slowing in activity and new orders
• Employment remains weak