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U.S. Factory Gauge Dips to Nine-Month Low as Prices Pick Up

Inside The Sole Choice Shoelace Manufacturing Plant Ahead Of Factory Orders

Photographer: Ty Wright/Bloomberg

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U.S. manufacturing expanded last month at the slowest pace since July, while prices paid for materials continued to accelerate amid supply constraints and tariff concerns, data from the Institute for Supply Management showed Tuesday.

The results included signs that factories are having trouble keeping up with demand. A measure of order backlogs was the highest in almost 14 years, and delivery times lengthened to match the second-longest since March 2010. The gauges for new orders and production weakened for a fourth straight month.