US: ISM manufacturing index climbs to 53.2 in June, beating expectations

Ani Salama FXStreet

The Institute for Supply Management gauge on US manufacturing activity showed activity in the sector rose more than expected in June.

The ISM manufacturing index climbed to 53.2 in June from 51.3 the previous month, and above the 51.5 expected by analysts. This is the second rise in a row and the fourth straight month the gauge pointed to expansion (readings above 50.0)

US ISM Prices Paid dropped to 60.5 vs 63.5 the previous month and consensus.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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