US Manufacturing and Construction Numbers Highlight Dependency on Services
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#5e43e797 ver:0.42

US private sector activity in June exceeded estimates, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, marking the strongest services sector expansion in two years. However, the June ISM manufacturing index dipped to 48.5, indicating contraction in the manufacturing sector. Construction spending also fell. These numbers highlight the US economy's dependency on consumer demand for services to maintain momentum. #USeconomy #servicessector #manufacturing #construction...

#newstr #UsPrivateSector #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation #UsPmiManufacturing #UsManufacturingAndConstructionNumbers #DependencyOnServices 

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