US S&P Global Composite PMI Flash (Jun) 52.2 (Prev. 51.5)

The survey signals that current output levels are consistent with the economy struggling to grow much faster than a 1% annualized rate in the second quarter Most worrying was the further fall in employment,notably in the manufacturing sector. However, while still running at one of the highest rates seen over the past four years, input cost inflation has shown sign of cooling in June thanks in part to the lower energy prices seen at the tail end of the survey data collection period.