BLBG: ISM Index of Manufacturing in U.S. Decreased to 56.2 in June
The Institute for Supply Management’s gauge of manufacturing fell to 56.2 in June from 59.7 a month earlier, according to the Tempe, Arizona-based group. A reading greater than 50 points to expansion.
Economists had forecast the measure would fall to 59, according to the median of 81 projections in a Bloomberg News survey. Estimates ranged from 55.9 to 61.2.
Other figures today showed manufacturing in China and Europe is cooling. China’s Purchasing Managers’ Index fell to 52.1 in June from 53.9 the previous month. A gauge of factory output in the 16-member euro region declined to 55.6 last month from 55.8.
To contact the reporter on this story: Timothy R. Homan in Washington at thoman1@bloomberg.net
