Factory activity slows in August: Markit

Source: http://www.reuters.com/article/2015/08/21/us-usa-economy-pmi-idUSKCN0QQ1I320150821

By Reuters

Aug 21, 2015

Growth in the U.S. manufacturing sector slowed to its weakest pace in almost two years in August, according to an industry report released on Friday.

Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers' Index fell to 52.9 in August, its lowest since October 2013, from a final July reading of 53.8. A reading above 50 indicates expansion in the sector.

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