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May manufacturing grew at surprisingly faster pace

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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.

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...

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