United States: ISM manufacturing index inches up in June
July 2, 2015
In June, the ISM manufacturing index held increased from the 52.8% recorded in May to 53.5%, which marked the highest reading in five months. The result slightly beat market expectations of an increase to 53.2%. The index remains above the 50.0% threshold that indicates expansion in the manufacturing sector.
Employment was the component of the index that improved the most over the previous month in June. New orders and inventories tallied smaller increases. In contrast, production and supplier deliveries registered declines.
Author: Carl Kelly, Economist