Manuacturing growth in the month of June may not be ideal, but it was better than expected.
CNBC said, "The ISM manufacturing index turned in a reading of 51.7, lower than May’s 52.1 but ahead of Dow Jones expectations of 51.3. The number represents the share of businesses that expanded activity during the month, so anything about 50 represents growth."
While the employment index and production grew - inventory and new orders fell.
What will this next month bring?
Business comments "reflect continued expanding business strength, but at soft levels," Timothy Fiore, ISM chair, said in a statement.Fiore called sentiment "evenly mixed" from respondents who expressed concern over the U.S-China trade battle and the possible extension into Mexico, along with slowing global growth.Read More