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Friday, Mar 29, 2024

Manufacturing in U.S. shrank at slower pace in June

Manufacturing in the U.S. shrank in June at the slowest pace in 10 months, another sign the worst of the recession may be over. The Institute for Supply Management’s factory index rose to 44.8, the highest level since August, from 42.8 in May, according to the Tempe, Ariz., group. Readings below 50 signal contraction. For the full story click here

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