"Growth remains dependent on service sector spending"
The June US manufacturing and services composite index fell to 53 from 54.3 and .5 pt below expectations. The manufacturing sector fell further below 50 at 46.3 vs 48.4. The service side saw its index down by .8 pts m/o/m to 54.1 but that is still a good level as it’s the 2nd best level since April 2022.
S&P Global said this on the service sector, “Deman…
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