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US Manufacturing Expands at Slowest Pace in Two Years

  • ISM gauge of new orders contracts for second straight month
  • Index of prices paid for materials falls by most since 2010
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The Key Takeaways From the ISM's July Manufacturing Data
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US manufacturing activity continued to cool in July as more factories dialed back production in the face of shrinking orders and rising inventories.

The Institute for Supply Management’s gauge of factory activity eased to 52.8, the lowest level since June 2020, from 53 a month earlier, according to data released Monday. Readings above 50 indicate expansion, and the latest figure compared with a median projection of 52 in a Bloomberg survey of economists.