Stock Martket Nerd – Macro – July 06, 2024
Output data:
- The manufacturing purchasing managers index (PMI) for June was 51.6 vs. 51.7 expected and 51.3 last month.
- The Institute of Supply Management (ISM) manufacturing PMI for June was 48.5 vs. 49.2 expected and 48.7 last month.
- S&P global composite PMI for June was 54.8 vs. 54.6 expected and 54.5 last month.
- The services PMI for June was 55.3 vs. 55.1 expected and 54.8 last month.
- ISM non-manufacturing PMI for June was 48.8 vs. 52.6 expected and 53.8 last month.
Inflation data:
- The ISM manufacturing prices index for June was 52.1 vs. 55.8 expected and 57 last month.
- The ISM non-manufacturing prices index for June was 56.3 vs. 56.7 expected and 58.1 last month.
- ADP nonfarm employment change for June was 150,000 vs. 163,000 expected.
- Initial jobless claims came in at 238,000 vs. 234,000 expected and 234,000 last report.
- Average hourly earnings rose 0.3% M/M in June as expected and 3.9% Y/Y as expected.
Employment data:
- Nonfarm payrolls for June rose by 206,000 vs. 191,000 expected and 218.000 last month.
- The labor force participation rate for June was 62.6% as expected.
- The unemployment rate for June was 4.1% vs. 4% expected and 4% last month.
