MW: U.S. manufacturing PMI in June at 18-month low
By Steve Goldstein
WASHINGTON (MarketWatch) -- The final reading for the U.S. manufacturing purchasing managers index in June was 52.5, worse than the flash reading of 52.9 and down from 54.0 in May, Markit reported Monday. Readings above 50 indicate expansion, and the PMI signals the weakest manufacturing expansion for 18 months, Markit said. The Institute for Supply Management's manufacturing index, due at 10 a.m., is expected to show a reading of 52.3%.
