Monday 23 December 2024 ,
Monday 23 December 2024 ,
Latest News
24 June, 2018 00:00 00 AM
Print

US manufacturing sector slowdown in June

Xinhua

The US Purchasing Managers’ Index (PMI) survey for June highlighted a clear loss of momentum for the manufacturing sector, following the strong growth rates seen in recent months, according to data released by the IHS Markit on Friday, reports Xinhua from Houston.

The seasonally adjusted IHS Markit Flash US Manufacturing PMI registered 54.6 in June, down fractionally from 56.4 in May, signaling the slowest improvement in overall business conditions since November 2017.

Adjusted for seasonal influences, the IHS Markit Flash US Composite PMI Output Index registered 56.0 in June, down only slightly from 56.6 in May, a 37-month peak. The latest reading signaled that private sector output continued to expand at one of the fastest rates seen over the past three years.

A robust rate of service sector growth helped to underpin the overall upturn in private sector output during June.

At 56.5, down slightly from 56.8 in May, the seasonally adjusted IHS Markit Flash US Services PMI Business Activity Index posted its second-highest reading since April 2015.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304050607
08091011121314
15161718192021
22232425262728
293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting