The United States Purchasing Managers' Index (PMI) Composite Output Index, which combines the results of services and manufacturing, reached 52.9 in June, slightly above analysts' expectations but down from May's 53.0, S&P Global announced on Thursday.

Meanwhile, the Services PMI Business Activity Index landed at 52.9, decreasing from 53.7 in the previous month but remaining "solid."

"The US service sector reported a welcome combination of sustained growth and increased hiring in June, but also reported elevated price pressures, all of which could add to pressure on policymakers to remain cautious with regard to any further loosening of monetary policy," S&P Global Market Intelligence Chief Business Economist Chris Williamson commented.