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June manufacturing numbers worst in three years

The ISM manufacturing index (PMI) was released this morning and reported a PMI of 49.7 – the worst showing since July of 2009[1] and 3.8 point reduction from the May number. The report revealed several statistics that likely point to another dismal jobs report for June due to be released this Friday. The new orders, price, order backlog, employment and ...

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June 2012 Manufacturing ISM Report

(Tempe, Arizona) — Economic activity in the manufacturing sector contracted in June for the first time since July 2009; however, theoverall economy grew for the 37th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “The PMI ...

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