Recession now much more likely
Commentary: Factory sector stalls on doubts about Europe, fiscal cliff
By MarketWatch
Last Update: 7/2/2012 11:05:36 AM
WASHINGTON (MarketWatch) -- There's no way to sugarcoat it: The already-sluggish
U.S. economy is stalling out, stung by doubts about our economic and fiscal
future.
The Institute for Supply Management Institute reported that its manufacturing
index dropped to 49.7% in June from 53.5% in May, signaling that the
manufacturing sector is contracting for the first time since mid-2009. Read our
complete news coverage of manufacturing activity shrinking in June.
