Mumbai, July 2 -- The US manufacturing sector continued to expand in June, although growth slowed slightly compared with May. The S&P Global US Manufacturing PMI eased to 53.9 in June from 55.1 in May, marking the 11th straight month above the 50.0 level that signals expansion.
Production and new orders continued to grow, supported by new product launches and advance orders from customers looking to avoid expected price increases. However, both output and new order growth eased, with new orders rising at their slowest pace since March. Export orders declined for the 12th consecutive month, mainly due to tariffs and weaker overseas demand.
Employment remained the weakest area, with manufacturers cutting jobs at the fastest pace since May 2...