U.S. Outlook: Purchasing Manager Indexes soften in June
Indicators for manufacturing and service businesses have softened, slowing business activity as the second quarter closes.
For more on this and other developments this week, see my full report. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on June 26.Key observations:
- Slack is returning to the manufacturing sector.
- Growth in the health care sector has exploded over the past year as the Affordable Care Act gains traction.
- A strong dollar and continued weakness in goods exports is still weighing on manufacturing activity and orders in the second quarter.