The Housing Chronicles Blog: Private sector output growth slows in June, but new orders rise at strongest pace for five months

Friday, June 23, 2017

Private sector output growth slows in June, but new orders rise at strongest pace for five months

U.S. private sector firms recorded a further solid expansion of business activity in June, but there was a loss of momentum since May. This was highlighted by the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index falling from 53.6 to 53.0 in June. The latest reading signalled the slowest upturn in business activity for three months.

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