US manufacturing activity grows at slowest in over two years
A reading above 50 indicates growth
03 June 2019 - 17:46
Washington — US manufacturing growth slowed further in May to its weakest pace of activity in more than two-and-a-half years, defying expectations for a modest rebound, a national purchasing managers survey showed on Monday.
The Institute for Supply Management (ISM) said its US manufacturing purchasing managers index declined to 52.1 from 52.8 in April, marking the lowest level since October 2016. Wall Street economists polled by Reuters had a consensus forecast of 53...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.