US industry growth still slowing down

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Business activity in the United States grew again less strongly in June than one month previously. Research firm Markit reported this on the basis of a provisional figure.
 
The purchasing managers’ index (PMI) for the American industry went to a position of 50.1 from 50.5 a month earlier. Economists generally predicted a level of 50.5 for the indicator, which indicates growth at a level higher than 50.

There was also a slightly smaller growth in the services sector compared to a month earlier. Moreover, the 50.7 score was less than the 51.0 that was widely expected. The composite index for June was 50.6 against 50.9 in May.

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Oliver I. Kjeldsen

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