Most Active Stories
- Ron Rash on 'Serena,' 'The World Made Straight' and Knowing When to End a Story
- Dancing the Neural Tango: Dr. Summa-Chadwick Talks Music & Neurological Therapy
- Start It Up Episode 18: The Ins and Outs of Managing Employees
- 10 Days of Giveaways During WUTC’s Membership Drive
- 'Dorothy Parker Would Not Approve' Is Stacy Chapman's Prize-Winning Debut Play
Manufacturing Sector Shrank In June, Report Signals
For the first time since July 2009 a gauge of how U.S. manufacturers are doing is signalling shrinkage in the factory sector.
The Institute for Supply Management says its June "PMI" index stood at 49.7, down from 53.5 and the first time in nearly three years that it wasn't above 50 — the line between growth in manufacturing (an above 50 reading) and contraction (below 50).
A subcategory of ISM's report — its measure of new orders — also fell below 50, to 47.8.
The Wall Street Journal says the report indicates "new demand crashed."