U.S. Manufacturing Activity Slows Down

Confounding market expectations of a rise, the U.S. manufacturing sector grew at a slower pace in June, the Institute for Supply Management reported July 3. The ISM manufacturing index dipped to 53.8% in June from 54.4% in May. Readings above 50 ...

Agence France-Presse

July 3, 2006

Confounding market expectations of a rise, the U.S. manufacturing sector grew at a slower pace in June, the Institute for Supply Management reported July 3.

The ISM manufacturing index dipped to 53.8% in June from 54.4% in May.

Readings above 50 indicate expansion, so the report showed growth in the industrial economy, but at a slower pace than in the previous month.

The figure surprised analysts who had expected a rise to 55%.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.