The U.S. composite purchasing managers’ index (PMI), which encompasses the manufacturing and services sectors, fell from 53.6 in May to 51.2 in June, hitting a five-month low, according to preliminary data released this Thursday (23) by S&P Global.
Despite the drop, a reading above the 50 mark indicates that activity in the world’s largest economy continues to expand this month, but at a more contained pace.
Only the US services PMI dropped from 53.4 to 51.6 in the same period, also touching the lowest level in five months.
The result was well below the expectations of analysts consulted by the The Wall Street Journalwhich predicted a slight decline to 53.3.
The US manufacturing PMI decreased from 57 in May to 52.4 in June, the lowest level in 23 months and also well below the market consensus of 56.
Source: CNN Brasil
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