The U.S. manufacturing sector continued to expand in June, and the price increases that have squeezed manufacturers for much of the past two years began to ease significantly, according to a pair of surveys released Wednesday.
The Institute for Supply Management’s manufacturing index registered 53.3 in June, down from 54.0 in May but marking a sixth consecutive month of expansion. A separate gauge from S&P Global came in with a reading of 53.9, extending an 11-month run of expansion.
Readings above 50 in both surveys indicate expansion. Economists watch the indexes for early signs of turns in the economy because they are based on real-time…
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