The post US ISM Manufacturing PMI rose to 49.0 in June appeared on BitcoinEthereumNews.com.

ISM Manufacturing PMI ticked higher to 49.0 in June, surpassing consensus. The US Dollar continues to decline, approaching multi-year lows. Economic activity in the US manufacturing sector picked up some pace in June, with the ISM Manufacturing PMI advancing to 49.0 from 48.5 in May, coming in above experts’ expectations of 48.8. The Employment Index dropped slightly to 45.0 from 46.8 in May, suggesting that the sector’s payrolls are facing some headwinds. Meanwhile, the Prices Paid Index, which measures inflation, rose a tad to 69.7 from 69.4. Finally, the New Orders index eased to 46.4 from 47.6 in the previous reading. From the release: “Regarding output, the Production Index increased month over month and is now in expansion territory; however, the Employment Index dropped further into contraction as managing head count is still the norm, as opposed to hiring. The mixed indicators in output suggest companies are still being cautious in their hiring even with an increase in production”, argued Susan Spence, MBA, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. Market reaction The US Dollar (USD) trades on a marked bearish bias on Tuesday, hovering around multi-year troughs around 96.60 as investors assess the data releases as well as Chief Powell’s remarks at the ECB Forum. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading,…

---

Filed under: News - @ July 1, 2025 6:28 pm