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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
Published Tue, Sep 1, 2015 · 09:50 PM
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 Tempe, Arizona-based group showed on Tuesday. A measure of exports matched the weakest reading since April 2009.
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