Economy Booms: Fastest Growth in 14 Months

Economic activity experienced a remarkable surge in June, achieving its fastest expansion in 14 months, according to the latest PMI survey. This positive development signals a significant boost to the economy and offers promising prospects for the future.

Manufacturing Leads the Charge, Services Sector Gains Momentum

The impressive growth witnessed in June was primarily fueled by a robust performance in the manufacturing sector. Factories ramped up production to meet increasing demand, contributing significantly to the overall economic expansion.

Service Sector Joins the Upswing

While manufacturing spearheaded the growth, the service sector wasn’t far behind. Activity in the service economy also picked up pace in June, further bolstering the overall economic picture. This broad-based growth across multiple sectors suggests a healthy and resilient economy.