“The June PMI registered 60.2 percent, an increase of 1.5 percentage points from the May reading of 58.7 percent,” the Institute for Supply Management (ISM) reported on Monday. Below are key quotes from the official publication.
- The New Orders Index registered 63.5 percent, a decrease of 0.2 percentage point from the May reading of 63.7 percent.
- The Production Index registered 62.3 percent, a 0.8 percentage point increase compared to the May reading of 61.5 percent.
- The Employment Index registered 56 percent, a decrease of 0.3 percentage point from the May reading of 56.3 percent.
- The Supplier Deliveries Index registered 68.2 percent, a 6.2 percentage point increase from the May reading of 62 percent.
- The Inventories Index registered 50.8 percent, an increase of 0.6 percentage point from the May reading of 50.2 percent.
- The Prices Index registered 76.8 percent in June, a 2.7 percentage point decrease from the May reading of 79.5 percent, indicating higher raw materials prices for the 28th consecutive month.
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