USA services are still the growth driver

While US industry is suffering from the sluggish global economy and the strong dollar of late, the strongest growth impetus has been from sectors outside manufacturing. 

In May, the nonmanufacturing ISM index printed at an above-average high level of 55.7. The picture is unlikely to have changed in June. As the regional surveys improved in June, a slight rise is expected in the national index to 56.1. This would underpin the view that the US economy is back on a recovery course after a weak start to 2015.