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Industry News
2nd August 2016

U.S. manufacturing growth cooled in July from one-year high

U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year. The Institute for Supply Management’s index cooled to 52.6 from a one-year high of 53.2 a month earlier, the Tempe, Arizona-based group’s report showed Monday. Readings above 50 indicate growth. The median forecast in a Bloomberg survey of economists was 53.

Bloomberg

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