US manufacturing activity declines in June

Manufacturing activity in the United States slowed down in June, with the Purchasing Managers' Index (PMI) recording 53.3 points compared to 54.0 in May, indicating ongoing economic expansion despite a decline in new orders to 56.0 points. Factory inventories recovered after an interruption caused by tensions with Iran, even though oil prices rose, with the index remaining at 73.0 points, amid expectations of higher costs due to artificial intelligence technologies. Economists anticipate that the Federal Reserve will raise interest rates during 2026 to control inflation.

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