USA: composite PMI estimated at 54.6 in June
For the record, it is the 50-point threshold that separates expansion and contraction in a sector's activity: the higher the PMI is above this threshold, the faster the pace of expansion.
S&P Global points out that production has now risen continuously for 17 months in a row, with a marked improvement in the pace of expansion between May and June, while price pressures have eased.
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