Solid U.S. economic data

Global Portfolio Advisory Group

July 14, 2017

There was plenty for market watchers to digest this week despite holidays north and south of the border. Starting in the U.S., a gauge of services activity rose to 57.4 in June from 56.9 in May which points to broadening economic growth as service providers are the backbone of the U.S. economy covering industries as diverse as health care and construction. Another bright spot was factory activity which rose to 57.8 in June from 54.9 in May, the highest level in nearly 3 years.