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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.