Stock Market Today

ISM said that the Chicago purchasing managers index (PMI) in June lower 59.1, the figure is slightly higher than 59.0 which is the average forecast of the economists accepted the surveyed of Thomson Reuters, PMI above 50 indicate growth in the manufacturing sector is still in the state.

In the sub-index of PMI in June, the employment index in May rose to 54.2 from 49.2, output index increased to 64.2 from 61, which hit a new high since February of this year.
ISM will publish an important index of national manufacturing sector tomorrow, according to a Reuters’ survey, economists forecast in June that the average national PMI will fall to 59, it will be lower than May’s 59.7, as of December 2007 within five years, the national average PMI reading is 53., from December 2007, the U.S. economy into the worst recession since the Great Depression of the 1930s.