U.S. Manufacturing Stabilizing at Depressed Level, ISM Data Show

Bloomberg makes the case for a ‘U’ shaped recovery?

(From Bloomberg)

“I believe we can see or are at the bottom of the toboggan run, which is a positive for June in spite of May’s numbers,” Timothy Fiore, chairman of the ISM Business Survey Committee, said on a call with reporters. May was a transition month, and demand, output and employment should return to some extent in June, he said.

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Reprinted from: https://www.ac2news.com/2020/06/u-s-manufacturing-stabilizing-at-depressed-level-ism-data-show/

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