US: Economic activity in the manufacturing sector expanded in June - ISM

Eren Sengezer FXStreet

"Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97th consecutive month," announced the Institue for Supply Management (ISM).

Key highlights:

The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent
The New Orders Index registered 63.5 percent, an increase of 4 percentage points from the May reading of 59.5 percent
The Production Index registered 62.4 percent, a 5.3 percentage point increase compared to the May reading of 57.1 percent
The Employment Index registered 57.2 percent, an increase of 3.7 percentage points from the May reading of 53.5 percent
The Supplier Deliveries index registered 57 percent, a 3.9 percentage point increase from the May reading of 53.1 percent
The Inventories Index registered 49 percent, a decrease of 2.5 percentage points from the May reading of 51.5 percent
The Prices Index registered 55 percent in June, a decrease of 5.5 percentage points from the May reading of 60.5 percent

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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