US Manufacturing PMI Edges Down to 53.3 in June, Sixth Straight Month of Expansion

Key Facts

In a sign of continued resilience despite inflationary and trade pressures, the US Manufacturing PMI edged down to 53.3 in June 2026, according to data from MarketWatch. Despite the slight decline, the index remains above the 50-point expansion threshold for the sixth consecutive month, the longest expansion streak in four years, signaling sustained industrial activity supported by robust demand.

This modest decline comes against a backdrop of mixed recent US economic data. GDP growth for the first quarter came in at 2.1% (above the 1.6% forecast), per market data, while durable goods orders plunged 4.5% in May after a strong gain in April. The annual PCE price index rose to 4.1% in May, while the University of Michigan consumer sentiment index dipped to 49.5 (below the 50-point forecast).

Investors are now focused on upcoming inflation data and Federal Reserve officials' comments for clues on the interest rate path. The PMI's six-month stay above 50 is a positive growth signal, especially amid weak consumer confidence. Future employment and wage reports will be critical to confirm whether the industrial momentum can be sustained.

Version History