U.S. Manufacturing Data for July, Debt Agreement
Aug. 1 (Bloomberg) -- Nariman Behravesh, chief economist at IHS Inc., talks about the Institute for Supply Management's factory index for July and the outlook for congressional action on the compromise to raise the U.S. debt limit.
The ISM factory index slumped to 50.9, the lowest since July 2009, from 55.3 a month earlier. Figures less than 50 signal contraction, and the July index was lower than the most pessimistic forecast in a Bloomberg News survey. Behravesh speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)