U.S. June Business Activity Shows Contraction Despite Surge

The video discusses recent PMI data for the United States, highlighting a rise in manufacturing PMI from 39.8 to 49.6, close to the forecast of 50. Services PMI increased to 46.7, below the forecast of 48, while the composite PMI rose to 46.8. These numbers indicate improvement but not yet expansion. The upcoming ISM number, expected to rise from 43.1 to 48.5, is also discussed, with potential market implications.

What was the actual manufacturing PMI number compared to the forecast?

• 49.6, which was significantly below the forecast of 50

• 49.6, which was below the forecast of 50

• 49.6, which was above the forecast of 50

• 49.6, which matched the forecast of 50

How did the services PMI perform compared to its forecast?

• It was significantly above the forecast of 48

• It exceeded the forecast of 48

• It matched the forecast of 48

• It was below the forecast of 48

What does the composite PMI indicate about the economic trend?

• It shows a stable economy

• It suggests numbers are improving but not expanding

• It indicates a decline

• It shows a strong expansion

What is the expected change in the ISM number?

• From 43.1 to 50

• From 43.1 to 48.5

• From 43.1 to 46

• From 43.1 to 49

Why is the ISM number significant for the US economy?

• It forecasts employment rates

• It measures consumer confidence

• It gauges the health of the US manufacturing economy

• It predicts future stock market trends