IYM - Basic Materials Jumps Up Growth Rankings But Firms Continue To Cut Employment
2024-07-19 08:50:00 ET
Summary
- S&P Global PMI sector data signalled a further strong performance from the Financials sector in June, as the segment remained the top performer at the global level.
- Basic Materials - a sector long in the doldrums - shot up to the third-best performing sector midway through 2024.
- Despite expansions recorded in all 21 monitored sectors, June data indicated lingering weak demand in some areas, with almost half of monitored segments continuing to lower workforce numbers.
S&P Global PMI sector data signalled a further strong performance from the Financials sector in June, as the segment remained the top performer at the global level. Nonetheless, there were changes seen elsewhere. Basic Materials - a sector long in the doldrums - shot up to the third-best performing sector midway through 2024. Replacing Basic Materials at the bottom of the growth rankings table was Technology amid slower expansions in both Technology Equipment and Software & Services....
Basic Materials Jumps Up Growth Rankings, But Firms Continue To Cut Employment