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The index of business activity in the US industry in June rose to 52.6%


July, 01 2020
watermark Economic news

According to the Institute for Supply Management (ISM), the US index of business activity in the US industry rose to 52.6% in June from 43.1% in May. Analysts polled by Reuters expected the indicator to grow only to 49.5%.


In addition, the employment index in the country's industry in June rose to 42.1% from the level of May at 32.1%. Experts had expected growth to 43%.


The index of business activity in industry is calculated monthly by a survey of managers. A figure below the 50% mark indicates a decline in business activity in the manufacturing sector, above – about its growth.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.