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U.S. Outlook: Purchasing Manager Indexes soften in June

Scott Anderson
Chief Economist

Indicators for manufacturing and service businesses have softened, slowing business activity as the second quarter closes.

Graph showing recent dip in manufacturing capacity.But business surveys are notoriously fickle and can rebound as fast as they fade.

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.
Click here to read my full report. Read More ›