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Intraday Economic News: U.S. ISM Manufacturing Index Falls 3.8 Points, To 49.7, In June Jul 12 Product Image

Intraday Economic News: U.S. ISM Manufacturing Index Falls 3.8 Points, To 49.7, In June Jul 12

  • Published: July 2012
  • Standard & Poors

Abstract
The U.S. Institute for Supply Management (ISM) manufacturing index fell 3.8 points, to 49.7, in June. This was worse than the consensus expectation of a fall to 52.0 and is now just under the 50-point benchmark--indicating contraction in the sector for the first time since July 2009. The employment component edged down by 0.3 points, to 56.6, in June, and is still in expansionary territory. However, new orders plunged by more than 12 points, to 47.8, in June--into contraction territory for the first time since April 2009. The prices index for raw materials decreased for the second consecutive month in June, to 37.0, which was 10.5 points lower than the reading for the previous month and below the recent 41.0...

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