Growth at American manufacturers cools as challenges persist

By Bloomberg

May 02, 2016

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Manufacturing expanded at a slower pace than forecast in April as factories continued to grapple with lax global demand and fallout from a weakened U.S. energy industry.

The Institute for Supply Management’s index declined by 1 point to 50.8, barely above the 50 level that indicates stagnation, the Tempe, Arizona-based group’s report showed Monday. The median forecast in a Bloomberg survey of economists was 51.4.

Read the full story at bloomberg.com.

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