Good preview of tomorrow’s ISM release on Calculated Risk:
Kansas City Manufacturing Survey: Manufacturing activity rebounded solidly in June
Overall, expectations for the figure are for a weak one, but check this out for a bit of hope on recovery from the slow-patch, bolding mine:
The regional surveys suggest the ISM manufacturing index will fall to the low 50s or so in June. After the NY and Philly Fed surveys were released, it seems that a reading below 50 was possible (and could still happen).
However the more recent surveys (Richmond, Dallas, Kansas City and Chicago PMI) all showed expansion in June. The ISM index for June will be released tomorrow, July 1st, and expectations are for a decrease to 51.7 from 53.5 in May.