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US Manufacturing Growth Slows to 22-Month Low

from Reuters via CNBC

The pace of U.S. manufacturing growth fell in March to its slowest in almost two years, pressured by slowing gains in new orders and stagnant employment, according to an industry report released on April 1. The Institute for Supply Management said its index of national factory activity fell to 51.5 from 52.9 the month before. The reading was shy of expectations of 52.5, according to a Reuters poll of economists, and was the lowest reading since May 2013. more

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