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US: S&P Global PMI indicators unexpectedly fall in June to lows in months, approach 50

The preliminary US PMI report showed figures below expectations, joining the trend set hours ago by the numbers of the Eurozone. The S&P Global Integrated PMI for June fell from 53.6 to 51.2, with a rise to 53.7 expected.

The manufacturing PMI it went from 57 to 52.4, which was surprising since a smaller decrease to 56 was expected, it is the lowest reading in 24 months. The industry indicator services it went from 53.4 to 51.6, against the 53.5 of the market consensus, the minimum in five months.

The numbers show less pressure on prices, but at the same time a worrying slowdown in the pace of expansion.

The dollar fell in the market after the data, marking lows against most of its rivals. Treasury bond yields fell sharply.

Source: Fx Street

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