The services sector is creating a ton of new jobs
Economists forecast a print of 55.2, unchanged from the prior month, according to Bloomberg.
The release noted that new work rose at the fastest pace in three months.
The flash reading noted that new work rose at the fastest pace since April. However, confidence in the business outlook is at its lowest level since June 2012.
At 10:00 a.m., ISM will release its non-manufacturing composite, which is estimated at 56.2, versus 56.0 prior.
In a preview of ISM's report, BNP Paribas wrote: "Already quite elevated, we expect the non-manufacturing ISM index to remain at 56.0 in July. June retail sales disappointed, consumer confidence declined sharply in July, and we expect employment gains to have slowed a bit in July. It follows that we expect the growth pace in business activity to have stagnated a bit."
We'll be back with all the details once they cross.