NEW YORK - The overall economy grew for the thirty-seventh straight time, while the manufacturing sector contracted for the first time since July 2009, the Institute for Supply Management reported Monday.

According to the ISM's monthly report on business, the ISM index slipped to 49.7 in June from 53.5 in May.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.