- Enterprise exercise within the US non-public sector continued to broaden in June.
- US Greenback Index clings to modest every day features above 99.
The financial exercise within the US’ non-public sector continued to broaden at a wholesome tempo in June, with the S&P World Composite Buying Managers Index coming in at 52.8 (flash estimate), down barely from 53 in Might.
In the identical interval, the Manufacturing PMI held regular at 52, whereas the Providers PMI edged decrease to 53.1 from 53.7. Each of those prints got here in higher than analysts’ estimates.
Assessing the survey’s findings, “the June flash PMI information indicated that the US economic system continued to develop on the finish of the second quarter, however that the outlook stays unsure whereas inflationary pressures have risen sharply prior to now two months,” mentioned Chris Williamson, Chief Enterprise Economist at S&P World Market Intelligence.
Market response
The US Greenback (USD) holds its floor following the PMI information. On the time of press, the USD Index was up 0.35% on the day at 99.10.
