--ISM Employment Index Jumps 3.8 Points in June
WASHINGTON (MNI) - The solid optimism seen in the latest Institute for
Supply Management report on U.S. manufacturing, particularly the surge in the
employment index a day before the June jobs report, arrived despite the
ricocheting headlines on Greece, which purchasing managers are not really
watching, the ISM survey chief said following the report Wednesday.
The June ISM report's own headlines showed a 0.7 improvement in the top
line Purchasing Managers Index to 53.5, bringing the 12-month average to 54.7
and the string of months to 30 on the growth side of the breakeven 50 index
New orders rose two-tenths to 56.0, a high for the year and even stronger
than the PMI.