In June, both the ISM Manufacturing Index and the ISM Services Index fell below 49. These indices are important indicators of economic activity in the manufacturing and services sectors, respectively. When the index value is below 50, it suggests contraction in the sector. The decline in both indices may signal challenges or slowdowns in these areas of the U.S. economy.
In June, both ISM Manufacturing and ISM Services fell below 49. Here are all months where both PMI readings were below 49: pic.twitter.com/487cp7ZUoZ
— Bespoke (@bespokeinvest) July 10, 2024