The Housing Chronicles Blog: PMI manufacturing index up nearly 3 points in June due to expanding business conditions

Monday, July 3, 2017

PMI manufacturing index up nearly 3 points in June due to expanding business conditions

The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. Comments from the panel generally reflect expanding business conditions; with new orders, production, employment, backlog and exports all growing in June compared to May and with supplier deliveries and inventories struggling to keep up with the production pace.

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