U.S. Manufacturing Index Dips But Still Indicates Growth In June

ISM reported a modest decline in June’s U.S. manufacturing activity, signaling mild softening in industrial momentum. While the data change is limited, it adds caution for growth expectations and could influence near-term rate/yield expectations.

Analysis

ISM reported a modest decline in June’s U.S. manufacturing activity, signaling mild softening in industrial momentum. While the data change is limited, it adds caution for growth expectations and could influence near-term rate/yield expectations.