US: ISM non-manufacturing index likely to surge to 56.3 in July – TD Securities

According to TD Securities analysts, the US ISM non-manufacturing index is likely to bounce back in July to 56.3, following a decline to a two-year low at 55.1.

Key Quotes

“Regional indices point to an improvement in July, with the Empire, Philly and Dallas Fed surveys suggesting an increase in activity. This would imply further divergence between the economy's services and manufacturing sectors.”