US manufacturing activity fell again in June
July 1, 2024
According to the country’s supply managers, economic activity in the manufacturing sector fell for the third consecutive month in June, and for the 19th time in the past 20 months. In the latest Manufacturing ISM Business Report released today by Timothy R. Fiore, chairman of the Manufacturing Business Survey Committee, the manufacturing PMI registered 48.5 percent in June, a 0.2 percentage point decline from 48.7 percent in May.