US ISM Non-Manufacturing PMI for June 54.0 vs 54.0 estimate
- Prior month 54.5
- ISM non-manufacturing PMI for June 54.0 vs 54.0 last estimate
- Business activity index 55.4 vs 57.7 last month
- Employment index 51.2 versus 47.9 last month
- New orders index 55.1 versus 57.3 last month.
- Prices paid index 67.7 versus 71.3 last month
- supplier deliveries 54.4 versus 55.2 last month.
- Inventories 51.2 versus 62.5 last month.
- Backlog of orders 54.9 versus 51.3 last month.
- New export waters 50.4 versus 50.0 last month.
- Imports 49.4 versus 51.1 last month.
- Inventory sentiment 52.6 versus 55.2 last month.
Detail sumary
Higher (3 of 9)
- Employment: 51.2 vs 47.9 (+3.3) ✅ Largest increase
- Backlog of Orders: 54.9 vs 51.3 (+3.6) ✅ Best-performing component
- New Export Orders: 50.4 vs 50.0 (+0.4)
Lower (6 of 9)
- New Orders: 55.1 vs 57.3 (-2.2)
- Prices Paid: 67.7 vs 71.3 (-3.6) (Largest decline; easing inflation pressures)
- Supplier Deliveries: 54.4 vs 55.2 (-0.8)
- Inventories: 51.2 vs 62.5 (-11.3) ❌ Worst-performing component
- Imports: 49.4 vs 51.1 (-1.7)
- Inventory Sentiment: 52.6 vs 55.2 (-2.6)
Biggest Movers
Strongest Improvement
- Backlog of Orders: +3.6 points (54.9 vs 51.3)
- Employment: +3.3 points (51.2 vs 47.9)
Largest Declines
- Inventories: -11.3 points (51.2 vs 62.5) — by far the biggest drop.
- Prices Paid: -3.6 points (67.7 vs 71.3), suggesting inflation pressures eased, though the index remains elevated.
- Inventory Sentiment: -2.6 points (52.6 vs 55.2).
Overall, the report was mixed. Employment and backlogs improved notably, pointing to firmer labor demand and work pipelines, while the sharp decline in inventories suggests businesses continued to work down stockpiles which could ultimately be a positive for the economy on a rebuild.
The drop in the Prices Paid index is a favorable sign on the inflation front, even though price pressures remain relatively high.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
