US manufacturing expansion slowed down in June, cost index saw its largest decrease in nearly four years.

According to the ZhuTong Finance APP, manufacturing activity in the United States expanded for the sixth consecutive month in June, indicating that the country's factory sector is still growing supported by capital expenditure, investment in artificial intelligence (AI), and defense demand. However, despite some easing of pressure from rising raw material costs, businesses remain cautious about the outlook, and employment in the manufacturing sector has not shown significant improvement.