By IHS Markit

Substantial expansion in private sector activity, but delivery delays stymie manufacturing growth

Key findings:

▪ Flash U.S. Composite Output Index at 63.9 (68.7 in May). 2-month low.
▪ Flash U.S. Services Business Activity Index at 64.8 (70.4 in May). 2-month low.
▪ Flash U.S. Manufacturing PMI at 62.6 (62.1 in May). Series record high.
▪ Flash U.S. Manufacturing Output Index at 59.2 (59.6 in May). 2-month low