Manufacturing slows, but optimism remains

Jul 05, 2012 | 03:37 PM | Corinna Petry

Tags  Institute for Supply Management, purchasing managers Index, PMI, Corinna Petry

CHICAGO — Economic activity in the U.S. manufacturing sector contracted last month for the first time since July 2009, according to a survey of the nation’s purchasing executives.

June’s purchasing managers index (PMI) registered 49.7 percent, according to the Tempe, Ariz.-based Institute for Supply Management, down 3.8 points from 53.5 percent in May.....

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