(CercleFinance.com) – The US private sector saw its growth slow down significantly in June, according to S&P Global, whose composite PMI index stood at 53.0 in flash estimate for the current month, compared to 54, 3 in May.
For the record, it is the threshold of 50 that separates the expansion and contraction of a sector’s activity for the PMI indices: the higher the index is above this threshold, the faster the pace of expansion. .
“Manufacturers reported a renewed contraction in production, while service providers observed a weaker, but still solid, increase in production,” say the investigators.
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