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Manufacturing grew at slowest pace in two years, ISM finds, in another sign economy is slowing

·2 min read
Manufacturing grew at slowest pace in two years, ISM finds, in another sign economy is slowing

The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still a big problem, but price pressures also eased for the fourth month in a row.