U.S. industrials activity grows rapidly in June

U.S. June survey data showed the strongest upturn in industrials output in more than three years, showed the U.S. Sector PMI. Business recorded a further acceleration in activity growth after April’s ten-month low. The consumer services sector kept its position as the third-fastest growing segment in June, with the pace of growth accelerating to the most rapid in 17 months.

Meanwhile, the basic materials sector hinted at a slowdown in output growth in June. The pace of rise was the softest in the current 25-month sequence of growth, and the slowest of all monitored segments. In the similar manner, growth eased in the consumer goods and financials sectors, with the former weakening to a three-month low. However, rates of rise accelerated in the healthcare and technology sectors. The latter hinted at a third successive month of growth and the most rapid upturn in 2018 so far.

At 16:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 43.8884. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex