{
  "edition": "2026-06",
  "published": "2026-07-07",
  "methodology_version": "2.0",
  "composite": 59,
  "composite_exact": 58.74,
  "composite_delta": 1,
  "zone": "yellow",
  "zone_label": "Narrow Gap",
  "gap_ratio": 1.5,
  "keep_up_rate": 0.68,
  "keep_up_pct": 70,
  "reviewer_agreement": 0.15,
  "mean_change": 55.3,
  "mean_response": 37.8,
  "display_line": "June 2026: 59, up 1 vs May. Industries are changing 1.5x faster than companies are responding.",
  "headline": "The Hyder Index rose to 59 in June 2026, up from May and still a Narrow Gap reading. Industries are changing 1.5x faster than companies are responding. Hospitality & Travel led the story, as change jumped on a fuel shock and a split consumer while response rose too, just more slowly.",
  "zone_counts": {
    "green": 2,
    "yellow": 5,
    "orange": 8,
    "red": 0
  },
  "industries": [
    {
      "rank": 1,
      "slug": "media-entertainment",
      "name": "Media & Entertainment",
      "score": 67,
      "score_exact": 67.33,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 67,
      "response_score": 32,
      "keep_up_rate": 0.48,
      "keep_up_pct": 50,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.75,
        "talent": 3.25,
        "money": 3.25,
        "incentives": 2.25,
        "culture": 3.25,
        "disruption": 4.25
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 1.5,
        "capital_reallocation": 1.5,
        "product_partnership": 2.0,
        "response_timing": 1.0
      },
      "note": "Media & Entertainment held at 67, the widest gap on the Index. Creator and AI signals stayed high, and company response did not change. Response here moves at less than half the pace of change."
    },
    {
      "rank": 2,
      "slug": "healthcare-medtech",
      "name": "Healthcare & MedTech",
      "score": 66,
      "score_exact": 66.0,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 65,
      "response_score": 33,
      "keep_up_rate": 0.51,
      "keep_up_pct": 50,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.0,
        "talent": 3.5,
        "money": 3.5,
        "incentives": 3.0,
        "culture": 3.0,
        "disruption": 3.5
      },
      "response_ratings": {
        "earnings_call": 1.5,
        "strategic_hiring": 1.75,
        "capital_reallocation": 1.5,
        "product_partnership": 2.0,
        "response_timing": 1.5
      },
      "note": "Healthcare & MedTech held at 66, the second-widest gap on the Index. No new evidence moved any signal this month. Response still trails change by a wide margin."
    },
    {
      "rank": 3,
      "slug": "technology-ai",
      "name": "Technology & AI",
      "score": 65,
      "score_exact": 65.25,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 78,
      "response_score": 47,
      "keep_up_rate": 0.61,
      "keep_up_pct": 60,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 4.0,
        "talent": 4.0,
        "money": 4.5,
        "incentives": 3.0,
        "culture": 3.5,
        "disruption": 4.25
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 2.0,
        "capital_reallocation": 2.75,
        "product_partnership": 2.0,
        "response_timing": 3.0
      },
      "note": "Technology & AI held at 65. The AI chipmaker Cerebras had a strong stock market debut in May, which confirmed heavy investor money in AI but did not move the score. Change still runs well ahead of response here."
    },
    {
      "rank": 4,
      "slug": "legal-professional-services",
      "name": "Legal & Professional Services",
      "score": 64,
      "score_exact": 64.42,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 56,
      "response_score": 27,
      "keep_up_rate": 0.48,
      "keep_up_pct": 50,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.0,
        "talent": 2.5,
        "money": 2.5,
        "incentives": 3.5,
        "culture": 2.25,
        "disruption": 3.0
      },
      "response_ratings": {
        "earnings_call": 1.0,
        "strategic_hiring": 1.25,
        "capital_reallocation": 1.5,
        "product_partnership": 2.0,
        "response_timing": 1.0
      },
      "note": "Legal & Professional Services held at 64. There was no meaningful change this month. It stays in the Significant Gap zone, tied with Education & EdTech."
    },
    {
      "rank": 4,
      "slug": "education-edtech",
      "name": "Education & EdTech",
      "score": 64,
      "score_exact": 64.08,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 49,
      "response_score": 21,
      "keep_up_rate": 0.43,
      "keep_up_pct": 45,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.0,
        "talent": 1.75,
        "money": 2.0,
        "incentives": 1.25,
        "culture": 3.5,
        "disruption": 3.25
      },
      "response_ratings": {
        "earnings_call": 1.0,
        "strategic_hiring": 0.75,
        "capital_reallocation": 1.0,
        "product_partnership": 1.5,
        "response_timing": 1.0
      },
      "note": "Education & EdTech held at 64 through the academic off-season. No new evidence moved its signals. Its response score of 21 is still the lowest on the Index."
    },
    {
      "rank": 6,
      "slug": "hr-future-of-work",
      "name": "HR & Future of Work",
      "score": 63,
      "score_exact": 63.08,
      "delta": 1,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 64,
      "response_score": 38,
      "keep_up_rate": 0.59,
      "keep_up_pct": 60,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.0,
        "talent": 3.75,
        "money": 2.75,
        "incentives": 2.75,
        "culture": 3.5,
        "disruption": 3.5
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 1.5,
        "capital_reallocation": 1.5,
        "product_partnership": 2.25,
        "response_timing": 2.25
      },
      "note": "HR & Future of Work rose 1 point to 63. May was the heaviest month of tech job cuts so far this year, including layoffs at Meta, the Facebook parent. Companies are cutting and moving people toward AI at the same time, while the industry's response held still."
    },
    {
      "rank": 7,
      "slug": "real-estate-construction",
      "name": "Real Estate & Construction",
      "score": 62,
      "score_exact": 61.5,
      "delta": 0,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 45,
      "response_score": 22,
      "keep_up_rate": 0.49,
      "keep_up_pct": 50,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 1.75,
        "talent": 3.0,
        "money": 2.25,
        "incentives": 2.0,
        "culture": 2.5,
        "disruption": 2.0
      },
      "response_ratings": {
        "earnings_call": 1.0,
        "strategic_hiring": 1.0,
        "capital_reallocation": 1.0,
        "product_partnership": 1.5,
        "response_timing": 1.0
      },
      "note": "Real Estate & Construction held at 62. There was no meaningful change this month. Response here is still less than half the pace of change."
    },
    {
      "rank": 8,
      "slug": "energy-utilities",
      "name": "Energy & Utilities",
      "score": 61,
      "score_exact": 60.5,
      "delta": 1,
      "zone": "orange",
      "zone_label": "Significant Gap",
      "change_score": 65,
      "response_score": 44,
      "keep_up_rate": 0.68,
      "keep_up_pct": 70,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.5,
        "talent": 2.5,
        "money": 4.0,
        "incentives": 4.0,
        "culture": 2.0,
        "disruption": 4.5
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 1.5,
        "capital_reallocation": 2.5,
        "product_partnership": 2.75,
        "response_timing": 2.25
      },
      "note": "Energy & Utilities rose 1 point to 61. Goldman Sachs, the investment bank, projected in May that US data center power demand will more than double, with reliability risks for some regional grids. Demand is rising while the industry's response held still."
    },
    {
      "rank": 9,
      "slug": "direct-sales-franchising",
      "name": "Direct Sales & Franchising",
      "score": 59,
      "score_exact": 58.75,
      "delta": 0,
      "zone": "yellow",
      "zone_label": "Narrow Gap",
      "change_score": 48,
      "response_score": 30,
      "keep_up_rate": 0.63,
      "keep_up_pct": 65,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.5,
        "talent": 2.5,
        "money": 3.0,
        "incentives": 1.75,
        "culture": 2.0,
        "disruption": 2.5
      },
      "response_ratings": {
        "earnings_call": 1.5,
        "strategic_hiring": 1.25,
        "capital_reallocation": 1.5,
        "product_partnership": 1.75,
        "response_timing": 1.5
      },
      "note": "Direct Sales & Franchising held at 59. There was no meaningful change this month. It sits at the top of the Narrow Gap zone, right at the edge of a Significant Gap."
    },
    {
      "rank": 10,
      "slug": "insurance",
      "name": "Insurance",
      "score": 58,
      "score_exact": 58.33,
      "delta": 0,
      "zone": "yellow",
      "zone_label": "Narrow Gap",
      "change_score": 57,
      "response_score": 40,
      "keep_up_rate": 0.71,
      "keep_up_pct": 70,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.75,
        "talent": 2.75,
        "money": 3.0,
        "incentives": 3.0,
        "culture": 2.5,
        "disruption": 3.0
      },
      "response_ratings": {
        "earnings_call": 1.75,
        "strategic_hiring": 2.0,
        "capital_reallocation": 2.0,
        "product_partnership": 2.0,
        "response_timing": 2.25
      },
      "note": "Insurance held at 58. No signal moved this month. It stays in the Narrow Gap zone, where change runs a little ahead of response."
    },
    {
      "rank": 11,
      "slug": "manufacturing-industrial",
      "name": "Manufacturing & Industrial",
      "score": 55,
      "score_exact": 55.33,
      "delta": 0,
      "zone": "yellow",
      "zone_label": "Narrow Gap",
      "change_score": 52,
      "response_score": 41,
      "keep_up_rate": 0.79,
      "keep_up_pct": 80,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.0,
        "talent": 3.0,
        "money": 2.5,
        "incentives": 3.5,
        "culture": 1.5,
        "disruption": 3.0
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 1.75,
        "capital_reallocation": 2.25,
        "product_partnership": 2.0,
        "response_timing": 2.25
      },
      "note": "Manufacturing & Industrial held at 55. There was no meaningful change this month. It stays in the Narrow Gap zone."
    },
    {
      "rank": 12,
      "slug": "transportation-logistics",
      "name": "Transportation & Logistics",
      "score": 54,
      "score_exact": 53.92,
      "delta": 1,
      "zone": "yellow",
      "zone_label": "Narrow Gap",
      "change_score": 46,
      "response_score": 38,
      "keep_up_rate": 0.83,
      "keep_up_pct": 85,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.0,
        "talent": 1.75,
        "money": 2.5,
        "incentives": 2.25,
        "culture": 1.75,
        "disruption": 3.5
      },
      "response_ratings": {
        "earnings_call": 2.0,
        "strategic_hiring": 1.5,
        "capital_reallocation": 2.0,
        "product_partnership": 2.0,
        "response_timing": 2.0
      },
      "note": "Transportation & Logistics rose 1 point to 54. Jet fuel prices spiked after the Iran conflict, which changed the cost of moving both freight and passengers. The shock came from outside the industry, and company response did not change."
    },
    {
      "rank": 13,
      "slug": "retail-cpg",
      "name": "Retail & CPG",
      "score": 52,
      "score_exact": 52.25,
      "delta": 1,
      "zone": "yellow",
      "zone_label": "Narrow Gap",
      "change_score": 53,
      "response_score": 48,
      "keep_up_rate": 0.91,
      "keep_up_pct": 90,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.75,
        "talent": 2.0,
        "money": 2.25,
        "incentives": 1.75,
        "culture": 2.75,
        "disruption": 3.25
      },
      "response_ratings": {
        "earnings_call": 2.5,
        "strategic_hiring": 2.0,
        "capital_reallocation": 2.5,
        "product_partnership": 2.5,
        "response_timing": 2.5
      },
      "note": "Retail & CPG rose 1 point to 52. Reports in May said most consumers now use generative AI instead of search for product ideas. Amazon, the online retailer, also folded its Rufus assistant into Alexa for Shopping. Shopping habits are moving faster than retailers are responding."
    },
    {
      "rank": 14,
      "slug": "financial-services-fintech",
      "name": "Financial Services & FinTech",
      "score": 46,
      "score_exact": 46.0,
      "delta": 0,
      "zone": "green",
      "zone_label": "Keeping Pace",
      "change_score": 50,
      "response_score": 58,
      "keep_up_rate": 1.16,
      "keep_up_pct": 100,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 3.0,
        "talent": 2.5,
        "money": 3.0,
        "incentives": 2.5,
        "culture": 1.5,
        "disruption": 2.5
      },
      "response_ratings": {
        "earnings_call": 3.25,
        "strategic_hiring": 2.75,
        "capital_reallocation": 2.25,
        "product_partnership": 3.0,
        "response_timing": 3.25
      },
      "note": "Financial Services & FinTech held at 46, in the Keeping Pace zone. Earlier AI restructurings were already counted, so nothing new moved the score. Its response score of 58 is the highest on the Index."
    },
    {
      "rank": 15,
      "slug": "hospitality-travel",
      "name": "Hospitality & Travel",
      "score": 44,
      "score_exact": 44.33,
      "delta": 1,
      "zone": "green",
      "zone_label": "Keeping Pace",
      "change_score": 37,
      "response_score": 48,
      "keep_up_rate": 1.31,
      "keep_up_pct": 100,
      "evidence_count": null,
      "evidence_strength": null,
      "change_ratings": {
        "customers": 2.75,
        "talent": 1.5,
        "money": 1.5,
        "incentives": 0.75,
        "culture": 1.5,
        "disruption": 3.0
      },
      "response_ratings": {
        "earnings_call": 2.75,
        "strategic_hiring": 1.5,
        "capital_reallocation": 2.0,
        "product_partnership": 2.75,
        "response_timing": 3.0
      },
      "note": "Hospitality & Travel rose 1 point to 44 and still keeps pace. A fuel shock, a split consumer, and World Cup demand shifts pushed change up. Response rose too, just not as fast as change."
    }
  ],
  "stories": [
    {
      "slug": "hospitality-travel",
      "title": "Hospitality & Travel still keeps pace as change speeds up"
    },
    {
      "slug": "hr-future-of-work",
      "title": "HR & Future of Work widens as May tech layoffs pile up"
    }
  ],
  "signal_watch": [
    {
      "signal": "Customers: The Silent Ballot",
      "item": "58% of consumers have replaced traditional search with generative AI for product recommendations, according to reports in May. Amazon, the online retailer, folded its Rufus shopping assistant into Alexa for Shopping in May.",
      "sources": []
    },
    {
      "signal": "Talent: The Human Tide",
      "item": "Employers announced 38,242 tech job cuts in May, the heaviest month of the year so far. Meta, the Facebook parent, laid off 8,000 people on May 20. It also reassigned 7,000 employees to AI work. Cisco, the networking company, cut 4,000 jobs and cited AI. Intuit, the TurboTax maker, cut roughly 3,000.",
      "sources": []
    },
    {
      "signal": "Money: The Market Bet",
      "item": "Cerebras, the AI chipmaker, went public on May 14 at $185 a share. The stock opened at $350. It closed its first day up 68%, for a $95B market value. The debut opened a run of large AI stock listings. It followed a first quarter in which global venture funding reached $330.9B. AI drew more than 80% of that money.",
      "sources": []
    },
    {
      "signal": "Incentives: The Weighted Lever",
      "item": "Colorado replaced its original AI law before its provisions took effect, and the revised law takes effect at the start of 2027.",
      "sources": []
    },
    {
      "signal": "Culture: The Tectonic Plates",
      "item": "The K-shaped consumer hardened, with spending splitting between people cutting back and people spending more. Only 45% of US travelers planned a paid-lodging vacation, a six-year low, according to survey data. Travelers who are still going raised their budgets 17%. Their average budget for their longest trip reached $4,069.",
      "sources": []
    },
    {
      "signal": "Disruption: The Switchboard Effect",
      "item": "Goldman Sachs, the investment bank, projected on May 20 that US data center power demand will more than double by 2027. It put demand at 31 GW in 2025. It projects 66 GW in 2027. The bank flagged grid reliability risks in the Mid-Atlantic, Mid-Continent, and Northwest. The limit on AI is shifting from chips to electricity.",
      "sources": []
    }
  ],
  "quote_line": "Per the Hyder Index, the June 2026 reading is 59, and industries are changing 1.5x faster than companies are responding.",
  "press_summary": "The Hyder Index read 59 in June 2026, with industries changing 1.5x faster than companies respond, and Hospitality & Travel still keeping pace.",
  "data_window": {
    "start": "2026-05-01",
    "end": "2026-05-31"
  },
  "citation": "The Hyder Index (hyderindex.com), created by Shama Hyder."
}