June 30 (Bloomberg) -- Business activity in the U.S. expanded in June for a ninth straight month, showing manufacturing is overcoming the turmoil in the financial markets. The Institute for Supply Management-Chicago Inc. said today its business barometer fell to 59.1 this month from 59.7 in May. Figures greater than 50 signal expansion.
Economists forecast the gauge would fall to 59, according to the median of 54 projections in a Bloomberg News survey. Estimates ranged from 55 to 62.9.
Another report today showed companies added fewer workers in June than forecast, according to data from a private report based on payrolls.
The 13,000 gain was the smallest since February and followed a revised 57,000 increase the prior month, figures from ADP Employer Services showed. Economists surveyed by Bloomberg News forecast a gain of 60,000, according to the median estimate.
