The index rose to 56.6 in June, compared with 54.2 in May. An index reading above 50 indicates increased activity in the sector.
"The recovery in the services sector has started to gain momentum after a sluggish first quarter. But we need to see more months with PMI results in the 55-60 range to be sure that the services sector is in an expansionary phase. There are still question marks about the strength of order intake, while companies are holding off on hiring new employees," says Jörgen Kennemar, who is responsible for the analysis, in a press release.
The composite index for June, which also includes the manufacturing industry, rose to 57.1 compared with 55.1 in May.
