USA ISM Manufacturing Prices For June 52.1 Vs 55.8 Est.; 57.0 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ISM Manufacturing Prices for June came in at 52.1, significantly lower than the estimated 55.8 and the prior month's 57.0. This indicates a slowdown in manufacturing price increases.
July 01, 2024 | 2:00 pm
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The USA ISM Manufacturing Prices for June fell to 52.1, below the estimated 55.8 and the prior 57.0. This suggests a slowdown in manufacturing price increases, which could impact the broader market sentiment.
The lower-than-expected ISM Manufacturing Prices suggest a slowdown in manufacturing price increases, which could impact market sentiment. However, the broader market impact may be neutral as it could be seen as a sign of easing inflation pressures.
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