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To: ild who wrote (65138)7/3/2006 10:18:48 AM
From: ild  Read Replies (1) | Respond to of 110194
 
U.S. manufacturing sector grows slower in June

Last Update: 10:06 AM ET Jul 3, 2006

WASHINGTON (MarketWatch) -- The U.S. manufacturing sector grew at a slower than expected pace in June, the Institute for Supply Management reported Monday. The ISM index fell to 53.8% from 54.4% in May. Economists expected an increase to 54.9%. Readings over 50% indicate expansion in the factory sector. The new orders index rose to 57.9% in June from 53.7% in May. The prices paid index slid to 76.5% from 77.0%. "Although the rate of growth slowed slightly, renewed strength in June's New Orders Index provides encouragement for the third quarter," said Norbert Ore, head of the ISM's survey committee.

marketwatch.com