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03 Jun
17:39

ISM May report shows slowing economic expansion

The Institute for Supply Management (ISM) reports that the US manufacturing sector continued to expand slowly in May, and the overall economy saw growth for the 121st consecutive month, Kallanish reports. The ISM report says that May’s Purchasing Managers Index registered at 52.1%, down from April’s reading of 52.8%. Primary metals and fabricated metal products industries are reporting contraction along with a decrease in prices f…
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