Commentary

The ISM Manufacturing Index was 52.6 for June, well up from 43.1 in May. The Markit Manufacturing Index was still at 49.8 in Jun e, up slightly from 49.6 in May.

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U.S. Retail Sales were up 17.7% in May, after having been down 14.7% in April. Industrial Production was up 1.4% versus down 12.5% in April.

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The NFIB Small Business Index came in at 94.9 for May versus 90.0 for April. U.S. Consumer Prices were down 0.1% for May after having been down 0.8% in April.

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