On June 1, 2023, the ISM Manufacturing PMI declined to 52.8 in June of 2023 from 53 in June, beating market forecasts of 52. The reading marked 26th straight month of rising factory activity but the weakest rate since June of 2020, as new order rates continue to shrink although supplier deliveries improved and prices softened to levels not seen in two years, per tradingeconomics.New orders (48 vs 49.2) and employment (49.9 vs 47.3) declined and production (53.5 vs 54.9) and supplier deliveries decelerated (55.
3 Sector ETFs Look Decent In Light of U.S. Manufacturing Data
