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U.S. manufacturing sector growth slows in August -ISM
September 1, 2015 / 3:03 PM / 2 years ago

U.S. manufacturing sector growth slows in August -ISM

NEW YORK, Sept 1 (Reuters) - The pace of growth in the U.S.
manufacturing sector slowed in August to its weakest in over two
years, according to an industry report released on Tuesday.
    The Institute for Supply Management (ISM) said its index of 
national factory activity fell to 51.1 from 52.7 the month 
before, marking the lowest reading since May 2013. The reading
was shy of the expected 52.6, according to a Reuters poll of
economists.
    A reading above 50 indicates expansion in the 
manufacturing sector.
    
    The new orders subindex fell to 51.7 from 56.5 to also mark
the lowest level since May 2013. The prices paid index fell to
39.0 from 44.0 to mark the weakest level since March,
disappointing expectations for 42.5.
    The employment index slipped to 51.2 from 52.7 to mark its
lowest level since April, while the imports index hit its lowest
level since January 2013 at 51.5.

 (Reporting by Sam Forgione; Editing by Meredith Mazzilli)

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