{"id":433062,"date":"2026-07-01T20:45:25","date_gmt":"2026-07-01T13:45:25","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-sp-global-manufacturing-pmi-final-for-june-53-9-vs-55-7-prior-433062\/"},"modified":"2026-07-01T20:45:25","modified_gmt":"2026-07-01T13:45:25","slug":"us-sp-global-manufacturing-pmi-final-for-june-53-9-vs-55-7-prior","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-sp-global-manufacturing-pmi-final-for-june-53-9-vs-55-7-prior-433062\/","title":{"rendered":"US S&amp;P global manufacturing PMI final for June 53.9 vs 55.7 prior"},"content":{"rendered":"<div>\n<ul>\n<li class=\"listItem-bmN0_SHH listItem--lightning-bmN0_SHH\"><a href=\"https:\/\/investinglive.com\/news\/us-june-sp-global-flash-services-pmi-513-vs-510-20260623\/\" target=\"_blank\" rel=\"follow\">Preliminary <\/a>55.7<\/li>\n<li class=\"listItem-bmN0_SHH listItem--lightning-bmN0_SHH\">Manufacturing PMI xx.x vs 55.7 preliminary<\/li>\n<li class=\"listItem-bmN0_SHH listItem--lightning-bmN0_SHH\">Prior month 55.1<\/li>\n<li class=\"listItem-bmN0_SHH listItem--lightning-bmN0_SHH\">For the full report <a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/d52074988b4f4367a787ba833e23b5c6\" target=\"_blank\" rel=\"nofollow\">CLICK HERE<\/a><\/li>\n<\/ul>\n<p>Details from S&amp;P global<\/p>\n<ul data-start=\"0\" data-end=\"1369\">\n<li data-section-id=\"18gqvn\" data-start=\"0\" data-end=\"93\">\n<ul data-start=\"0\" data-end=\"210\">\n<li data-section-id=\"b9f6bk\" data-start=\"0\" data-end=\"107\">US manufacturing expanded for the 11th consecutive month, but growth slowed to a three-month low.\n<\/li>\n<li data-section-id=\"3lqewd\" data-start=\"108\" data-end=\"210\">S&amp;P Global Manufacturing PMI: 53.9 in June vs. 55.1 in May (above 50 signals expansion).\n<\/li>\n<\/ul>\n<p data-section-id=\"1690r9g\" data-start=\"212\" data-end=\"235\">Demand &amp; Production<\/p>\n<ul data-start=\"236\" data-end=\"506\">\n<li data-section-id=\"c7cevi\" data-start=\"236\" data-end=\"308\">Output and new orders increased, but at a slower pace than in May.\n<\/li>\n<li data-section-id=\"1u01hip\" data-start=\"309\" data-end=\"451\">\nGrowth remained historically strong, supported by:<\/p>\n<ul data-start=\"364\" data-end=\"451\">\n<li data-section-id=\"ydasvu\" data-start=\"364\" data-end=\"387\">\nNew product launches.\n<\/li>\n<li data-section-id=\"1308xrq\" data-start=\"390\" data-end=\"451\">\nCustomers placing orders ahead of expected price increases.\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"vi4uxl\" data-start=\"452\" data-end=\"506\">New orders grew at the slowest pace since March.<\/li>\n<\/ul>\n<p data-section-id=\"1cufyke\" data-start=\"508\" data-end=\"545\">Domestic vs. International Demand<\/p>\n<ul data-start=\"546\" data-end=\"774\">\n<li data-section-id=\"lreko8\" data-start=\"546\" data-end=\"603\">Domestic demand remained the primary growth driver.<\/li>\n<li data-section-id=\"8acccv\" data-start=\"604\" data-end=\"774\">Export orders fell for the 12th straight month.\n<ul data-start=\"660\" data-end=\"774\">\n<li data-section-id=\"10qrtlj\" data-start=\"660\" data-end=\"774\">\nDeclines were attributed to:<\/p>\n<ul data-start=\"695\" data-end=\"774\">\n<li data-section-id=\"v8i397\" data-start=\"695\" data-end=\"705\">\nTariffs.\n<\/li>\n<li data-section-id=\"3zvv03\" data-start=\"710\" data-end=\"733\">\nSofter global demand.\n<\/li>\n<li data-section-id=\"1krv3v\" data-start=\"738\" data-end=\"774\">\nMiddle East geopolitical tensions.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-section-id=\"1oynpy\" data-start=\"776\" data-end=\"790\">Employment<\/p>\n<ul data-start=\"791\" data-end=\"1038\">\n<li data-section-id=\"1u8499z\" data-start=\"791\" data-end=\"943\">Manufacturing employment fell sharply.\n<ul data-start=\"838\" data-end=\"943\">\n<li data-section-id=\"9spdht\" data-start=\"838\" data-end=\"878\">\nFastest job losses since May 2020.\n<\/li>\n<li data-section-id=\"kq2jsu\" data-start=\"881\" data-end=\"943\">\nLargest decline outside the pandemic since October 2009.\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1gbsbuq\" data-start=\"944\" data-end=\"1038\">\nReduced hiring, combined with stronger order flow, led to a modest increase in backlogs.\n<\/li>\n<\/ul>\n<p data-section-id=\"zezi81\" data-start=\"1040\" data-end=\"1071\">Inventories &amp; Supply Chains<\/p>\n<ul data-start=\"1072\" data-end=\"1461\">\n<li data-section-id=\"7ik35i\" data-start=\"1072\" data-end=\"1173\">Finished goods inventories rose only slightly as firms relied on existing stock to fill orders.\n<\/li>\n<li data-section-id=\"1lu9bfm\" data-start=\"1174\" data-end=\"1262\">Supplier delivery times worsened due to:\n<ul data-start=\"1223\" data-end=\"1262\">\n<li data-section-id=\"hv42r6\" data-start=\"1223\" data-end=\"1241\">\nShipping delays.\n<\/li>\n<li data-section-id=\"1o48vv4\" data-start=\"1244\" data-end=\"1262\">\nPort congestion.\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"13gkkt5\" data-start=\"1263\" data-end=\"1461\">\nCompanies increased:<\/p>\n<ul data-start=\"1288\" data-end=\"1461\">\n<li data-section-id=\"1rahyef\" data-start=\"1288\" data-end=\"1357\">Purchasing activity at the fastest pace in over four years.\n<\/li>\n<li data-section-id=\"17mz6j1\" data-start=\"1360\" data-end=\"1461\">Input inventories at the strongest rate since May 2025 to guard against supply disruptions.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-section-id=\"nd908m\" data-start=\"1463\" data-end=\"1476\">Inflation<\/p>\n<ul data-start=\"1477\" data-end=\"1720\">\n<li data-section-id=\"what1x\" data-start=\"1477\" data-end=\"1565\">Input costs remained elevated due to:\n<ul data-start=\"1523\" data-end=\"1565\">\n<li data-section-id=\"v8i397\" data-start=\"1523\" data-end=\"1533\">\nTariffs.\n<\/li>\n<li data-section-id=\"1k2okj2\" data-start=\"1536\" data-end=\"1565\">\nHigher raw material prices.\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"tp9xg1\" data-start=\"1566\" data-end=\"1643\">\nCost inflation eased from May&#8217;s recent peak but remained historically high.\n<\/li>\n<li data-section-id=\"1x60e5o\" data-start=\"1644\" data-end=\"1720\">Selling price inflation also slowed, falling to a three-month low.\n<\/li>\n<\/ul>\n<p data-section-id=\"1ohtomc\" data-start=\"1722\" data-end=\"1745\">Business Confidence<\/p>\n<ul data-start=\"1746\" data-end=\"2089\">\n<li data-section-id=\"e8dqng\" data-start=\"1746\" data-end=\"1807\">\nBusiness optimism declined for a second straight month.\n<\/li>\n<li data-section-id=\"65ng6p\" data-start=\"1808\" data-end=\"1894\">\nConfidence fell to its lowest level since October 2025 (an eight-month low).\n<\/li>\n<li data-section-id=\"s1mdx2\" data-start=\"1895\" data-end=\"2008\">\nFirms were encouraged by:<\/p>\n<ul data-start=\"1925\" data-end=\"2008\">\n<li data-section-id=\"tkw6cr\" data-start=\"1925\" data-end=\"1961\">\nExpectations for easing inflation.\n<\/li>\n<li data-section-id=\"14b4r91\" data-start=\"1964\" data-end=\"2008\">\nPotential easing in geopolitical tensions.\n<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"vq0kb7\" data-start=\"2009\" data-end=\"2089\">\nConfidence was restrained by concerns over the health of the U.S. economy.\n<\/li>\n<\/ul>\n<p data-section-id=\"ieuezb\" data-start=\"2091\" data-end=\"2108\">Key Takeaways<\/p>\n<ul data-start=\"2109\" data-end=\"2417\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"sf94b5\" data-start=\"2109\" data-end=\"2153\">\n\u2705 Manufacturing remains in expansion mode.\n<\/li>\n<li data-section-id=\"1psx1j5\" data-start=\"2154\" data-end=\"2204\">\n\u2705 Domestic demand continues to support activity.\n<\/li>\n<li data-section-id=\"1sgss99\" data-start=\"2205\" data-end=\"2237\">\n\u26a0\ufe0f Growth momentum is slowing.\n<\/li>\n<li data-section-id=\"xd5c09\" data-start=\"2238\" data-end=\"2285\">\n\u26a0\ufe0f Employment remains a significant weakness.\n<\/li>\n<li data-section-id=\"11srsuk\" data-start=\"2286\" data-end=\"2350\">\n\u26a0\ufe0f Tariffs and supply chain issues continue to pressure costs.\n<\/li>\n<li data-section-id=\"prkq1o\" data-start=\"2351\" data-end=\"2417\" data-is-last-node=\"\">\n\u26a0\ufe0f Exports remain soft and business confidence is deteriorating.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Chris Williamson, Chief Business Economist at S&amp;P<br \/>\nGlobal Market Intelligence:<\/p>\n<blockquote><p> \u201cUS manufacturers reported a further marked<br \/>\nimprovement in growth of output and order books in<br \/>\nJune, according to S&amp;P Global\u2019s PMI data, extending<br \/>\nthe growth spurt that has been reported since the<br \/>\noutbreak of the war in the Middle East. Employment was<br \/>\nnevertheless cut sharply as firms often sought to offset<br \/>\nthe rising cost of energy and raw materials.<br \/>\n\u201cSupply chain delays and upward price pressures<br \/>\ncontinued to be widely reported, albeit moderating<br \/>\nthanks to recent news of an improving situation in the<br \/>\nMiddle East. However, despite the recent drop in energy<br \/>\nprices and brighter outlook for shipping, business<br \/>\nconfidence has fallen sharply, in part reflecting concerns<br \/>\nthat an end to war-related inventory building could start<br \/>\nto act as a drag on sales.\u201d<\/p><\/blockquote>\n<p>The Manufacturing data was 49-month high for manufacturing last month. The index has moved lower of that level in the month of June<\/p>\n<p>The S&amp;P Global Manufacturing Purchasing Managers&#8217; Index (PMI) is a leading economic indicator measuring the health of the manufacturing sector. A score above 50 signals expansion, while a reading below 50 indicates contraction. [<a href=\"https:\/\/stonge.com\/insights\/blog\/the-manufacturing-purchasing-managers-index-pmi-in-focus\/\">1<\/a>, <a href=\"https:\/\/www.pmi.spglobal.com\/\">2<\/a>, <a href=\"https:\/\/www.investing.com\/economic-calendar\/united-states-manufacturing-purchasing-managers-index-(pmi)-829\">3<\/a>]<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Preliminary 55.7 Manufacturing PMI xx.x vs 55.7 preliminary Prior month 55.1 For the full report CLICK HERE Details from S&amp;P global US manufacturing expanded for the 11th consecutive month, but growth slowed&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433062","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433062"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}