International trade sentiment improved among U.S. businesses in June, according to the latest ISM survey, with an export reading of 47.6 versus 39.5 a month earlier. That’s still below the neutral (50) level suggesting there are still challenges during the recovery period after COVID-19. Indeed, with only three of 18 sectors reporting higher exports – as well as import sentiment also remaining negative – it’s clear that firms with longer supply chains are struggling to recover. The U.S. result of improving, but still negative, export sentiment is similar to th...
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