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US Factory Activity Shrinks Faster: ISM
Sentiment Analysis:
Published: 01 Jul 2024 21:02
The ISM Manufacturing PMI unexpectedly declined to 48.5 in June 2024 from 48.7 in May, below forecasts of 49.1.
The Reading pointed to a third straight month of falling manufacturing activity and the weakest reading since February, as demand was weak again, output declined, and inputs stayed accommodative.