08:44 AM EDT, 06/24/2025 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to minus 25.0 in June from minus 41.9 in the previous month.

The index still suggests contraction in the sector, which is in line with the New York Federal Reserve's services measure released on June 17 but in contrast with the S&P global flash index released on Monday that indicated expansion.

The readings for revenue and prices increased in the month, while the readings for new orders and employment both decreased.

The six-month outlooks at both the regional and firm levels increased, with 38.4% of respondents expecting expansion in the region over the next six months compared with 46.6% that expect contraction.