The Institute for Supply Management's Purchasing Managers' Index dropped in June 2012 for the first time since July 2009. The PMI registered 49.7%, a decrease of 3.8 percentage points from May's reading of 53.5%, indicating contraction in the manufacturing sector for the first time since July 2009, when the PMI registered 49.2%.

The New Orders Index dropped 12.3 percentage points in June 2012, registering 47.8% and indicating contraction in new orders for the first time since April 2009, when the New Orders Index registered 46.8%. The Production Index registered 51% and the Employment Index registered 56.6%. The Prices Index for raw materials decreased significantly for the second consecutive month, registering 37%, which is 10.5 percentage points lower than the 47.5% reported in May 2012.

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