Flash PMI data from S&P Global show that economic activity continues to expand, in June, in the United States, thanks to the service sector, maunufacturing still showing signs of weakness. Business orders are still on the upside, meaning that July could still be expansionary.
But, the Conference Board Leading Economic Index "declined in each of the last fourteen months and continues to point to weaker economic activity". Conference Board economists forecast a contraction of the activity in the second half of this year and the first quarter of 2024.
