Soft U.S. Manufacturing and Construction Numbers Highlight Need for Service Sector Support
Monday, 1 July 2024, 17:45
Soft U.S. Manufacturing and Construction Numbers
The June ISM manufacturing index in the US dipped to 48.5, below expectations.
Dependency on Services
The decline highlights the country's reliance on the service sector for economic stability.
- Importance of Service Sector: A strong service industry is vital for economic growth.
- Strategic Focus: Continued support and development in services are crucial for recovery.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.