Composite PMI Drops To 52.8; SP500 Tests Session Highs

On June 23, 2025, S&P Global released PMI reports for June. The reports indicated that Services PMI declined from 53.7 in May to 53.1 in June, compared to analyst consensus of 52.9. Numbers above 50 show expansion.

Manufacturing PMI remained unchanged at 52, while analysts expected that it would decline to 51. The report showed that employment rose in factories at the fastest rate for 12 months.

Composite PMI decreased from 53 in May to 52.8 in June, compared to analyst forecast of 52.5. The report exceeded expectations as Manufacturing PMI and Services PMI beat analyst estimates.

S&P Global commented: “Although business activity and new orders have continued to grow in June, growth has weakened amid falling exports of both goods and services.”

U.S. Dollar Index pulled back from session highs as traders reacted to the better-than-expected Composite PMI report. Currently, U.S. Dollar Index is trying to settle below the 99.10 level.

Gold made an attempt to settle above the $3385 level after the release of the report. Rising geopolitical tensions provide additional support to gold markets.

SP500 moved higher, supported by the encouraging economic data. SP500 climbed above the 5990 level and is heading towards the 6000 level.

For a look at all of today’s economic events, check out our economic calendar.