June’s S&P Global manufacturing PMI declined from May’s 49-month peak, signaling a slower expansion in the sector.
The S&P Global US Manufacturing PMI dropped to 53.9 in June from a 49-month high of 55.7 in May, indicating a moderation in manufacturing activity. The index remains above 50, signaling continued expansion but at a reduced pace.
May’s reading marked the strongest growth in nearly four years, following a prior month figure of 55.1. Analysts had anticipated a slight pullback after the sharp rise, though the decline exceeded preliminary estimates.
The data reflects cooling momentum in the sector, though still-positive business conditions. Market focus now shifts to broader economic signals amid shifting demand trends.