The S&P Global’s Purchasing Managers’ Index showed U.S. growth for June, but readings for some of the country’s key trading partners are just plain mediocre.
The Institute for Supply Management’s Purchasing Managers Index showed worse-than-expected performance for manufacturing, but construction growth shone.
Today's data on global manufacturing was better than expected. Combine that with slightly better numbers on unemployment and housing last month, and analysts think the economy is, well, better.