Jun 30
The ISM-Chicago business barometer remained below 50 for the fifth
consecutive month in June, yet improved more than expected, coming in at
49.6, against expectations that it would fall to 48.0 from 49.1 in
May.
“The threat of an economic recession spreading from the
housing and credit sectors has yet to materialize, but
economic growth remains negligible at best,” said spokesman Jack Bishop
in the report’s summary. “Perhaps the mantra of fear of a recession
has…”