
U.S. Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction In June
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI edged down to 48.5 in June from 48.7 in May, with a reading below 50 indicating contraction. Economists had...