US manufacturing growth eases in June

(Sharecast News) - US manufacturing growth eased in June, with the S&P Global purchasing managers index slipping to a three-month low of 53.9 in May, down from 55.1 in April.

Output and new orders continued to rise at historically strong rates, though both expanded more slowly than in May, while input costs rose sharply again, driven by higher raw‑material prices, but the pace of inflation softened from May's recent high. Selling‑price inflation also eased to a three‑month low.

Employment remained a weak spot, with job shedding accelerating to its fastest rate since May 2020 and, excluding the pandemic period, the quickest since October 2009. Business confidence weakened for a second month, falling to its lowest level since October 2025.

Demand continued to rely heavily on the domestic market, with new export orders falling for a twelfth consecutive month as firms pointed to tariffs and subdued international demand, partly linked to the war in the Middle East.

Reporting by Iain Gilbert at Sharecast.com