Sector Contrast: Service Boom and Manufacturing Bust in the U.S.

In July 2024, the U.S. Composite Purchasing Managers’ Index (PMI) achieved a remarkable milestone, reaching 55.0—the highest in over two years. This peak marks a strong start to the third quarter, highlighting the differing trajectories of the nation’s economic sectors. The service sector, a powerhouse of resilience, escalated to a PMI of 56.0, up from […]