US: Private sector output growth slows in June, new orders rise at strongest pace for 5 months - Markit

Eren Sengezer FXStreet

"U.S. private sector firms recorded a further solid expansion of business activity in June, but there was a loss of momentum since May," said IHS Markit on Friday.

Key highlights:

Flash U.S. Composite Output Index at 53.0 (53.6 in May). 3-month low
Flash U.S. Services Business Activity Index at 53.0 (53.6 in May). 3-month low
Flash U.S. Manufacturing PMI at 52.1 (52.7 in May). 9-month low
Flash U.S. Manufacturing Output Index at 52.9 (53.7 in May), 9-month low
Staff recruitment also picked up in June, with payroll numbers expanding at the strongest pace for four months

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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