- by New Deal democrat
Let’s take a look at the new month’s first data, on manufacturing and construction.
The ISM manufacturing index, and especially its new orders subindex, is an important short leading indicator for the production sector. In June, for the first time, the leading new orders index showed slight contraction, declining below 50 to 49.2 from 55.1. The overall index continued to show expansion, but also declined from 56.1 to 53.0: