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June manufacturing ends first half of 2019 with growth, at a reduced rate

The report’s key metric, the PMI, dipped 0.4% to 51.7 (a reading of 50 or higher indicates growth), following 0.7% and 2.5% declines in May and April, respectively. The index has seen growth for 34 consecutive months, with the over all economy now having grown for 122 consecutive months. The June 2019 PMI IS 4.3% below the 12-month average of 56.0, with June’s marking the lowest reading during that span and is also the lowest PMI reading going back to October 2016.
Source: logistics Mgmt

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