FX.co ★ US Private Sector Growth Slows Slightly in June

The S&P Global US Composite PMI fell slightly to 52.8 in June from 53 in May, indicating a minor slowdown in private sector growth while still experiencing expansion for the 29th consecutive month, according to preliminary estimates. The service sector’s output saw a modest reduction (53.1 compared to 53.7 in May), yet it continued to show strength. Meanwhile, manufacturing maintained its position at a 15-month high of 52.0. Although there was sustained growth in business activity and new orders, the pace diminished due to a decline in exports of both goods and services.