US Manufacturing Output Contracts For First time Since 2020, Service Growth Dramatically Slows
by Mish Shedlock, Mish Talk: According to S&P, the US economy slowed sharply in June amid renewed downturn in demand, but inflationary pressures cool. Please consider the June S&P Global Flash US Composite PMI™ from the S&P, formerly Markit. Data were collected 13-22 June Key Numbers Flash US PMI Composite Output Index at 51.2 (May: 53.6). 5-month low. […]
