The US manufacturing sector posted a solid June, then immediately got a little less exciting. S&P Global’s final June Manufacturing PMI came in at 53.9, revised down from the flash estimate of 55.7 published on June 23. That flash number had been the highest reading since May 2022, so the revision stings a bit more than a typical data tweak.
Any number above 50 signals expansion, so the sector is still growing. It’s just growing more slowly than the initial print suggested, and more slowly than it has in the past three months.
What the numbers actually say
The June final reading of 53.9 compares to a May final of 55.1, meaning the sector lost momentum month-over-month by the time all the survey data was counted. That also makes June the weakest monthly performance in the current expansion streak, which now stretches to 11 consecutive months above 50.
For context, the historical average for this PMI series dating back to 2012 sits at 53.05. June’s final reading clears that bar, but just barely, and it’s a notable step down from where sentiment was running only a week before the final print dropped.
