S&P Global $SPGI's U.S. Sector PMI showed all seven tracked sectors expanding in June, the first time that has happened since November 2025, as Consumer Services, Financials, and Technology returned to growth after contracting in May.
Basic Materials led all sectors with an index reading of 57.0, while Technology and Consumer Services returned to growth after recent contractions
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S&P Global $SPGI's U.S. Sector PMI showed all seven tracked sectors expanding in June, the first time that has happened since November 2025, as Consumer Services, Financials, and Technology returned to growth after contracting in May.
Basic Materials posted the strongest output expansion of any sector in June, with a Business Activity Index reading of 57.0. That was the steepest rate of production growth for the sector in just over four years, and output has now risen in each month since March.
Consumer Goods was the second-highest ranked sector in June, with output again rising at a robust pace. Healthcare registered a solid increase in activity, though its growth rate eased from the four-and-a-half year peak recorded in May. Industrials also lost momentum, expanding at the slowest pace since October 2025.
Technology posted its first rise in business activity since February, though the rate of expansion was below the long-run survey average. Financials returned to growth as well, but only modestly. Consumer Services was the weakest of the seven sectors, with a reading of 50.6 — above the 50-point threshold that separates expansion from contraction, but below the growth rates recorded in every other sector.
The S&P Global U.S. Sector PMI covers more than 1,000 private sector companies across basic materials, consumer goods, consumer services, financials, healthcare, industrials, and technology. Survey responses are collected in the second half of each month and measure the direction of change compared to the prior month. For sectors covering both manufacturing and services, the headline figure is the Business Activity Index, a diffusion index in which readings above 50 signal expansion and readings below 50 signal contraction.
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