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US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy).
S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected).
ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp).
Both solidly above the '50' line suggesting growth...
Source: Bloomberg
Put simply: US manufacturing activity expanded for a sixth straight month in June as...
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