U.S. factory gauge drops less than forecast but orders stall

THE INSTITUTE for Supply Management factory gauge index fell to 51.7 in June, showing signs of slowing growth while still indicating expansion. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
THE INSTITUTE for Supply Management factory gauge index fell to 51.7 in June, showing signs of slowing growth while still indicating expansion. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
WASHINGTON – A gauge of United States factory activity fell in June by less than forecast as output and jobs improved though new orders stalled, highlighting the repercussions of trade uncertainty and slower growth abroad. The Institute for Supply Management index dropped to 51.7, the third straight decline and the weakest level since October 2016, the…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -