11:01 AM EDT, 07/03/2024 (MT Newswires) -- (Corrects direction of the final figure in the first paragraph.)

The S&P Global US services index was revised upward to 55.3 in June from the 55.1 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg as of 6:50 am ET.

The June index is above the 54.8 reading in May.

The index indicates expansion, which is in line with the readings from the Philadelphia and Kansas City Feds but in contrast to other regional services data that suggest that the sector contracted.

S&P Global noted that new orders increased due to an increase in the number of customers and successful marketing.