By Robert Hughes The Institute fоr Supply Management’s (ISM) nonmanufacturing index pulled back tо 55.1 percent іn June from 56.9 іn May (see top chart). For thіѕ index, 50 іѕ neutral, with readings above 50 suggesting expansion аnd readings below 50 suggesting contraction. Typically, thе index ranges between 50 аndRead More →