07182019Thu
Last updateThu, 18 Jul 2019 4pm

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Manufacturing & The Economy

Manufacturing PMI Slumps in June

The seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) registered 50.1 in June, down from 50.5 in May. The latest reading was the lowest since September 2009 and only fractionally above the neutral 50.0 threshold. Weaker rates of production growth and staff hiring were the key factors weighing on the headline PMI, alongside the largest drop in stocks of purchases for almost a decade.

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