“Renewed drop in output as demand dwindles, with price pressures dissipating in June“ - S&P Global US Manufacturing PMI pmi.spglobal.com/Public/Home/PressRelea…

Not great!

But keep in mind that during leaner times, soft data like business surveys tend to exaggerate things to the downside. More here

: tker.co/p/weekly-macro-soft-vs-hard-data