Rebounding from its post-lockdown low of 40 points in May, the current conditions component leapt 10 point to a score of 50 in June. At 50 points, the current component suggests unchanged conditions compared to the prior month, which is unsurprising since 86 percent of respondents reported “unchanged” conditions in June. Comments largely reflected the quantitative measure, with some supporting the sense of status quo, along with a sprinkling of positive sentiment such as “new orders steady,” mixed with less upbeat assessments: “some slowdown continues in commercial and residential segments.”

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