USA: composite PMI revised upwards in June

(CercleFinance.com) - Growth in the US private sector accelerated slightly more than initially estimated in June, according to S&P Global's composite PMI index, which came in at 54.
8 in final data, compared with 54.6 in flash estimates and 54.5 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.

The index thus reached its highest level since April 2022, with a renewed rise in employment while production growth accelerated. Services activity grew faster than manufacturing output.

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