The Institute for Supply Management index—a key gauge of U.S. factory activity—dropped to 51.7 in June, from 52.1 a month earlier, pulled lower primarily by economic uncertainty over trade issues. The index posted its third straight monthly decline and the weakest level since October 2016. The ISM’s ... READ MORE >
manufacturing
Philadelphia Fed’s manufacturing gauge weakens sharply in June
A key index of manufacturing activity tracked by The Federal Reserve Bank of Philadelphia's monthly survey of manufacturers fell sharply to 0.3 in June from 16.6 a month earlier, well below the consensus of 10.4. It was the index's lowest reading since February, when it hit zero. Any reading above zero ... READ MORE >
ISM manufacturing survey points toward further moderation
Those looking for stabilization in the downward trajectory of U.S. manufacturing sentiment will have to wait until mid-year. The April 2019 Institute for Supply Management Report on Business – an important gauge of U.S. factories – arrived below expectations with the top line index slowing to 52.8 from ... READ MORE >