US industry growth still slowing down


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.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by

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