U.S. June ISM services falls sharply to 48.2%: WASHINGTON (MarketWatch) -- Nonmanufacturing sectors of the U.S. economy contracted in June, the Institute for Supply Management reported Thursday. The ISM nonmanufacturing index fell to 48.2% from 51.7% in May. The decrease was below forecasts. Economists were looking the index to inch lower to 51.0%. Inflation pressures intensified. The price index rose to 84.5% from 77.0% in the previous month. The employment index fell to 43.8% from 48.7% in the previous month.