U.S. Manufacturing PMI contracts less than expected in July

13 hours ago 1
Engineer assembling components in electronics factory

Monty Rakusen

The S&P Global U.S. Manufacturing Purchasing Managers’ Index fell to 49.8 in July from 52.9 in June, compared with the 49.5 consensus.

This marks the first time this year in which manufacturing activity contracted, with the index now trailing the 50

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