US Manufacturers Expanded In June But More Slowly
U.S. manufacturing grew in June for the 13th straight month. But the pace of the expansion slowed from May. The Institute for Supply Management said Tuesday that its manufacturing index dipped to 55.3 in June from 55.4 in May. The trade group of purchasing managers said that orders rose at a faster pace last month compared with May. A measure of employment shows that factories added jobs for the 12th straight month; the pace of hiring last month was the same as in May.
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