ISM says US continues strong growth in June

01 July 2021

 

Summary: ISM purchasing managers index (PMI) slightly lower; below consensus expectation; indicates “strong sector expansion and U.S. economic growth”; supply squeeze may have peaked; implies US economy still growing at rapid pace.   US purchasing managers' index (PMI) readings reached a cyclical peak in September 2017.  They then started a downtrend which ended in March 2020 with a contraction in US manufacturing which lasted until June 2020. Subsequent month’s readings...

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