Daily Archives: June 6, 2023

Macro Briefing: 6 June 2023

* Global economic activity rises to 18-month high in May via PMI survey data
* US recession worries persist despite strong labor market
* Tech downturn on West Coast sending chill through region’s economies
* Apple unveils an ambitious virtual reality product
* US factory orders rise for second month in April on strong defense spending
* Services PMI posts “strongest upturn” in over a year in May, but…
* ISM Services Index eases in May, close to near-zero growth:

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