Back to today’s briefing

Story perspectives

US Manufacturing PMI Hits 2022 High as Fed Holds Rates

6/23/2026

50 11 Full Breakdown

Summary

Story summary

U.S. manufacturing activity rose in June, with flash PMI reaching 55.7, the highest since May 2022.
Flash services PMI rose to 51.3, lifting composite PMI Output Index to 52.2.
Factory employment fell to a six-year low as the manufacturing employment gauge dropped to 47.0, the lowest since May 2020.
The Federal Reserve (Fed) kept its benchmark rate at 3.50%-3.75% and signaled further hikes this year as inflation stays elevated.

1 of 1

Story summary

U.S. manufacturing activity rose in June, with flash PMI reaching 55.7, the highest since May 2022.
Flash services PMI rose to 51.3, lifting composite PMI Output Index to 52.2.
Factory employment fell to a six-year low as the manufacturing employment gauge dropped to 47.0, the lowest since May 2020.
The Federal Reserve (Fed) kept its benchmark rate at 3.50%-3.75% and signaled further hikes this year as inflation stays elevated.