The US ISM Manufacturing PMI rose 0.5 pts to 49.0 in June, remaining in contraction for a fourth consecutive month, though signaling slower deterioration and a continued expansion of the broader economy.

• Production jumped 4.9 pts to 50.3, returning to expansion for the first time in four months.
• New Orders declined -1.2 pts to 46.4, marking a fifth straight month of contraction and ongoing weak demand.
• Employment fell -1.8 pts to 45.0, deepening contraction as layoffs accelerate.
• The Prices Index remained elevated, rising 0.3 pts to 69.7, with 45.6% of firms reporting higher prices.
• Supplier Deliveries fell -1.9 pts to 54.2, indicating slower but improving delivery performance amid easing port congestion.
• Inventories rose 2.5 pts to 49.2, contracting at a slower pace after tariff-related drawdowns.
• The New Export Orders (up 6.2 pts to 46.3) and Imports (up 7.5 pts to 47.4) indexes bounced back as trade dynamics improved while tariffs were paused.