Manufacturing sales decreased 2.1% to $69.6 billion in June, on declines in 17 of 21 subsectors, led by the transportation equipment (-2.9%), chemical product (-5.8%) and primary metal (-2.7%) subsectors. On a quarterly basis, total sales fell 0.3% in the second quarter of 2024, the third consecutive quarterly decline. The decline in the second quarter was driven by lower sales in the petroleum and coal product subsector (-4.0%) as well as the motor vehicle industry group (-3.8%). On a year-over-year basis, total sales decreased 1.8% in June.
Total sales in constant dollars fell 2.1% in June, while the industrial product price index was unchanged.
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