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May manufacturing grew at surprisingly faster pace

Published Wed, Jun 1, 2016 · 09:50 PM
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Washington

MANUFACTURING unexpectedly expanded at a faster pace in May, helped by an increase in orders that signals US factories are rebounding from an early-2016 slump.

The index of the Institute for Supply Management (ISM) climbed to 51.3 from 50.8 in April, figures from the Tempe, Arizona-based group showed …

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