US PMIs Beat Expectations In Early June Data, But… Following May’s resurgence in ‘soft’ survey data, S&P Global’s PMI surveys were expected to dip modestly in preliminary June data this morning. But the picture was mixed with both Manufacturing flat (but beating expectations 52.0 vs 51.0 exp) and Services down very modestly (but beating expectations 53.1 vs 52.9 exp) rising at the start of June (even as hard data fades)… Source: Bloomberg However, prices also rose sharply in the service sector, likewise often attributed to tariffs but also reflecting higher financing, wage and fuel costs. Service sector input costs and… — Continue at ZeroHedge News : Read More
