According to analysts at TD Securities, Friday’s Markit PMI release of the US economy is expected to show manufacturing activity stayed unchanged in June at 50.5 following the notable decline from 52.6 in May.
Key Quotes
“If realized, this would suggest the manufacturing sector could be stabilizing at an expansionary level during the month and should be a good directional predictor for the highly-anticipated June ISM survey released on July 1.”
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