Takeaways From the June Flash PMI Report
Let’s look through the data with an eye toward the continued fall in energy prices.
Following our comments this morning about S&P Global’s Flash June findings on inflation in the eurozone, let’s walk through the Flash June PMI report for the U.S.
The nutshell takeaway is that supply-chain delays increased, but input price inflation, while still high, dipped compared to May and shows signs of further cooling given the fall in energy prices. However, output prices continued inch up, most likely as company pricing action rolled through the data. The arguable good news is the root causes behind those data points should ease further in the coming months.
