Get PJ Media on your Apple

The PJ Tatler

by
Stephen Green

Bio

June 3, 2013 - 9:25 am

It’s Recovery Summer IV — A Few Hope:

Manufacturing in the U.S. unexpectedly contracted in May at the fastest pace in four years, indicating industry will provide scant support for the world’s largest economy.
The Institute for Supply Management’s factory index fell to 49 from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction, and last month’s reading was the lowest since June 2009. The median forecast of 81 economists surveyed by Bloomberg was 51.

Sorry for the lame Star Wars reference, but I’m all out of “unexpectedly” jokes.

Stephen Green began blogging at VodkaPundit.com in early 2002, and has served as PJMedia's Denver editor since 2008. He's one of the hosts on PJTV, and one-third of PJTV's Trifecta team with Scott Ott and Bill Whittle. Steve lives with his wife and sons in the hills and woods of Monument, Colorado, where he enjoys the occasional lovely adult beverage.

Comments are closed.

All Comments   (1)
All Comments   (1)
Sort: Newest Oldest Top Rated
"but I’m all out of “unexpectedly” jokes."

I did not anticipate that.
1 year ago
1 year ago Link To Comment
View All

One Trackback to “US Manufacturing Shrinks at Fastest Pace Since 2009”