9 days ago • Posted by Ajmir Omid

US #PMI disappoints #growthscares #stocks #trading

Growth in US private-sector activity slowed significantly in June, and came in at a flash estimate of 51.2 - a five-month low -, after 53.6 for May. This is the second weakest growth in activity since July 2020, with weaker service sector output growth accompanied by the first contraction in manufacturing output in two years. Equities are paring early gains and yields on the 10-year Treasuries are dropping.