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