North American Economy Retreating - PlayStocks

North American Economy Retreating

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    Jobs report this Friday. Any guesses

    On Monday, a key barometer of U.S. factories fell in June for the third month in a row, signaling that an ongoing slump in the industrial side of the economy shows no sign of ending. The Institute for Supply Management’s manufacturing index slipped to 48.5% in June from 48.7% in the prior month. Numbers below 50% signal that the manufacturing sector is shrinking.

    The manufacturing economy still appears to be stalled,” said Timothy Fiore, chairman of the ISM Manufacturing Business Committee.

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