S&P Global will publish June flash US Services PMI at 51.0, up from 50.7 in May, and Manufacturing PMI at 54.7, slightly below May’s 55.1. Investors are watching these early indicators closely as the Fed shifts away from forward guidance, potentially heightening data-driven market volatility.
S&P Global will issue the June flash Purchasing Managers’ Indices for the United States on Tuesday, offering the first glimpse of private-sector activity. Flash PMIs survey top executives and serve as an early gauge of economic expansion or contraction before full-month data release.
Market expectations call for the Services PMI to rise to 51.0 from May’s 50.7, while Manufacturing PMI is projected at 54.7, down from 55.1 in May. A combined Composite PMI reading above 50 suggests continued expansion in overall business activity.
With the Federal Reserve moving away from explicit forward guidance toward a data-driven approach, market participants may place greater weight on these PMI figures. Recent strength in the US dollar and geopolitical concerns around the Strait of Hormuz further amplify sensitivity to economic data releases.
