US Manufacturing PMI Falls in June 2024

Monday, 1 July 2024, 14:00
In June 2024, the US ISM manufacturing index declined to 48.5, falling short of the expected 49.1. This signifies a contraction in the manufacturing sector. It indicates potential implications for economic growth and future policy decisions. The data suggests challenges in the US manufacturing landscape, posing risks for investors and policymakers.
ForexLive
US Manufacturing PMI Falls in June 2024

US Manufacturing PMI Drops Below Expectations

In June 2024, the US ISM manufacturing index slipped to 48.5, lower than the anticipated 49.1.

Sign of Contraction

This decline suggests a contraction in the manufacturing industry.

  • Implications: Potential impact on economic growth and policy decisions.
  • Challenges: Reflecting difficulties in the US manufacturing sector.
  • Risks: Poses risks for investors and policymakers.
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