According to WorldWay’s comprehensive report: Data released by the Institute for Supply Management (ISM) shows that the US Manufacturing Purchasing Managers' Index (PMI) was 55.3 in June, slightly lower than the 55.4 recorded in May, though the US manufacturing sector remains in a state of expansion.
Data indicates that in June, the US manufacturing new orders index was 58.9, up from 56.9 in May, marking the 13th consecutive month of growth; the production index was 60, down from 61 in May; the employment index was 52.8, unchanged from May. Market analysts pointed out that after being affected by severe cold weather in the first quarter, the US economy is further demonstrating momentum for recovery and rebound.
Source: ifeng.com
WorldWay Editor
