December 23, 2024

Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.

 Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.

Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.

Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.