Leading Indicator Watch | July 5, 2024

Manufacturing & Services: ISM Non-Manufacturing PMI (Services)(Jun) fell to 48.8 from 53.8 (May), the lowest number since March of 2020. More data may be needed to reveal if this is truly a trend of contraction in the services sector. 50 marks contraction/expansion.

Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.

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