Factory activity slows for 2nd month: Markit
Manufacturing PMI falls to 53.8 in May from the final April reading of 54.1
New York
GROWTH in the US manufacturing sector slowed for a second straight month during May, with new orders increasing at their slowest pace since Jan 2014, according to an industry report released on Thursday.
Financial data firm Markit said its preliminary US Manufacturing Purchasing Managers' Index fell to 53.8 in May from the final April reading of 54.1. Economists polled by Reuters had forecast the May figure would be 54.5.
