The U.S. manufacturing sector showed signs of moderating growth in June, as the S&P Global Manufacturing Purchasing Managers’ Index (PMI) edged down to 53.9 from a previous reading of 55.1. Both the earlier and current readings relate to June 2026, with the latest data update released on 01 July 2026.
While the decline indicates a cooling in the pace of expansion, the PMI remains above the 50.0 threshold that separates growth from contraction, signaling that U.S. manufacturing is still in expansionary territory. The softer reading suggests that although factory activity continues to grow, it is doing so at a slower rate than previously recorded in June.
The shift from 55.1 to 53.9 will likely be watched closely by market participants and policymakers as they assess the durability of U.S. industrial momentum heading into the second half of 2026, in the context of broader economic conditions and potential shifts in demand.