Non-manufacturing economic activity increased in June, according to a release from the Institute for Supply Management, defying the expectation of economists who predicted a fall.
Economic activity in the non-manufacturing sector grew to 57.4 in June, 0.5 point above May's number. Economists forecast a decline of 0.4 points, expecting the June figure to sink to 56.5, according to a survey from Thomson Reuters.
"The non-manufacturing sector continued to reflect strength for the month of June," said Anthony Nieves, chair of the ISM survey committee, in a statement.
"The majority of respondents' comments are positive about business conditions and the overall economy."