WASHINGTON — U.S. manufacturers grew at a slower pace in May as measures of orders and production fell. Factories also added jobs at a slower pace.
The Institute for Supply Management said Monday its manufacturing index fell to 53.2 last month from 54.9 in April. That's the lowest level since February. Any reading above 50 indicates expansion.
The retreat in the ISM's index is the latest sign that manufacturing activity is growing at only a modest pace.
Read tomorrow's Arkansas Democrat-Gazette for full details.