financetom
Economy
financetom
/
Economy
/
June S&P Global US Flash Manufacturing, Services Measures Both Indicate Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
June S&P Global US Flash Manufacturing, Services Measures Both Indicate Expansion
Jun 23, 2025 7:28 AM

09:57 AM EDT, 06/23/2025 (MT Newswires) -- The flash reading of manufacturing conditions from S&P Global was unchanged in June from the 52.0 reading in May, compared with an expected decrease to a reading of 51.0 in a survey compiled by Bloomberg as of 7:35 am ET.

The index indicates expansion, which is in contrast with the New York Fed and the Philadelphia Fed readings released earlier.

The index for services conditions fell to a two-month low reding of 53.1 in June from 53.7 in May, compared with expectations for a decrease to 52.9. The services index still indicates expansion, which is in contrast with the New York Fed reading released on Jun 17.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Federal Reserve Watch for March 5: Beige Book Indicates Slight Economic Growth Since Mid-January
Federal Reserve Watch for March 5: Beige Book Indicates Slight Economic Growth Since Mid-January
Mar 5, 2025
02:52 PM EST, 03/05/2025 (MT Newswires) -- The Fed's Beige Book showed slight growth since mid-January, but with mixed performance across the Fed districts as consumer spending slowed, particularly for discretionary items. Employment was slightly higher, with more labor availability but increased uncertainty over immigration. The pace of price increases was higher in several districts. Some firms reported raising prices...
US factory orders rebound in January on commercial aircraft
US factory orders rebound in January on commercial aircraft
Mar 5, 2025
WASHINGTON (Reuters) - New orders for U.S.-manufactured goods rebounded in January amid a surge in commercial aircraft bookings, but the broader manufacturing sector's recovery is likely to be hampered by tariffs on imports. Factory orders increased 1.7% after a revised 0.6% decline in December, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had forecast factory orders...
US activity rises slightly and uncertainty also up, Fed survey shows
US activity rises slightly and uncertainty also up, Fed survey shows
Mar 5, 2025
(Reuters) - U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and prices increased modestly, the Federal Reserve said on Wednesday, with businesses and households expressing continued optimism amid rising uncertainty about how U.S. President Donald Trump's policies will affect future growth, labor demand and prices. Six Districts reported no change, four reported modest or moderate growth,...
US services sector expands; price growth accelerates amid tariffs
US services sector expands; price growth accelerates amid tariffs
Mar 5, 2025
WASHINGTON (Reuters) -U.S. services sector growth unexpectedly picked up in February and prices for inputs increased, which combined with a recent surge in the cost of raw materials at factories suggested that inflation could heat up in the months ahead. Rising price pressures could be worsened by a trade war, triggered by President Donald Trump's new 25% tariffs on imports...
Copyright 2023-2026 - www.financetom.com All Rights Reserved