US manufacturing activity slowed this month

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Source: BBC
US manufacturing expansion slowed this month as exports continued to soften. Markit PMI attained thee-month low of 53.9 as compared to a previous month reading of 56.0. Markit attributed the slowdown in manufacturing growth to weaker exports in the EU and China. Recent fall in durable goods orders also contributed to a decline, indicating that businesses are not willing to invest in view of global economic uncertainty, said Pierre Ellis from Decision Economics.


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Fri, 25 May 2012 08:34:50 GMT

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