US and Japan Manufacturing Sectors Expand for Sixth Consecutive Month
Both the US and Japanese manufacturing sectors have reported expansion for the sixth consecutive month in June, with easing inflation fears in the US and an eight-year high in business sentiment in Japan.
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US Manufacturing Expands for a Sixth Month, Costs Gauge Drops - Bloomberg.com
US Manufacturing Expands for a Sixth Month, Costs Gauge Drops Bloomberg.com
Read full article →Japan Manufacturing PMI signals 6th month of growth; BOJ sentiment hits 8-year high
Read full article →US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp). Both solidly above...
By Tyler Durden
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