That’s the Institute of Supply Management’s manufacturing index for June, down from 53.5 in May to the lowest level since July 2009, when the index was 49.2. A reading above 50 generally indicates that manufacturing is expanding, while a reading below 50 indicates contraction.
The index was 34.9 in January 2009, when President Barack Obama took office, and rose to as high as 59.9 in January 2011.
Bloomberg’s Shobhana Chandra has a story about the unexpected contraction in manufacturing last month.
In political news, Obama plans a campaign bus tour through Ohio and Pennsylvania on July 5-6, his first political travel since the Supreme Court upheld his health-care overhaul last week, Mike Dorning writes. Obama led Republican challenger Mitt Romney by 9 percentage points in Ohio and by 6 points in Pennsylvania, according to a Quinnipiac poll taken June 19-25. Obama won by 4.6 percentage points in Ohio, which has 18 electoral votes, and by 10.3 points in Pennsylvania, which has 20 electoral votes.
Reaction to the Supreme Court’s health-care ruling was a dominant theme of the Sunday news shows. Heidi Przybyla and Sandrine Rastello give you the reactions of newsmakers including White House Chief of Staff Jack Lew and House Minority Leader Nancy Pelosi, who back the law, and Senate Minority Leader Mitch McConnell, a Kentucky Republican who wants to repeal the law.