- Prior was +1.7% (revised to +1.8%)
- m/m
- Prior was +0.2%
- Services industries +0.1% vs +0.1% prior
- Goods -0.4% vs +0.4% prior
- Manufacturing -1.5% vs +1.0% prior
- July advance GDP 0.0%
Real gross domestic product was essentially unchanged in June, following a 0.1% increase in May. Goods-producing industries (-0.4%)
saw its largest decrease since December 2023 as declines in
manufacturing and construction were partially offset by increases in
utilities and agriculture. Services-producing industries (+0.1%)
increased for the third consecutive month in June 2024.
Overall, 12 of 20 sectors expanded in June.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
