The Institute for Supply Management said Wednesday that its gauge of the non-manufacturing sector signaled slower growth for June, with the index hitting 52.2%, compared with 53.7% in May
Readings above 50% signal an expanding services sector, with higher rates indicating faster growth
Economists polled by MarketWatch had expected a June reading of 54.4%
Of the key subindexes, the business-activity index declined almost five points to 51.7% in June, the new-orders index fell more than five points to 50.8%, while the employment gauge rose almost five points to 54.7%
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WASHINGTON (MarketWatch) -- Barclays said Wednesday that it cut its second-quarter GDP trading estimate to 1.0% from 1.6% after the trade deficit widened in May. In a note to clients, Barclays blamed the larger-than-expected increase in imports in the month for the downward revision. A higher trade deficit is a drag on GDP. Earlier, the Commerce Department reported that the May trade gap rose 12% to $45 billion in May, well above economists' forecast of a deficit of $40.3 billion.
Barclays manipuló el Euribor , no nos interesa esa gente
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