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LATEST US DATA

Manufacturing grows at the slowest rate in over two years

Factory order books were hit in August by poor demand from emerging markets such as China

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The weak data for US manufacturing surfaces ahead of the Fed's September policy meeting.

Washington

MANUFACTURING in the US expanded in August at the slowest pace since May 2013 as anaemic demand from emerging markets such as China translated into leaner factory order books.

The Institute for Supply Management's index fell to 51.1 from 52.7 in July, a report from the