phil July 1st, 2022 at 10:05 am Terrible drop from May but still expanding (anything over 50): PMI Manufacturing in May drops to lowest since July 2020 Jul. 01, 2022 9:45 AM ET5 Comments June PMI Manufacturing Index: 52.7 vs. 52.4 expected and 57 in May. The headline PMI fell to its lowest since July 2020 in the wake of sluggish factory output and a drop in new orders at manufacturing firms.

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