USA: composite PMI estimated at 54.6 in June

(CercleFinance.com) - Growth in the US private sector accelerated very slightly in June, according to S&P Global's composite PMI, which came in at 54.
6 in flash estimates, compared with 54.5 in final data for the previous month.

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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