Manufacturing activity in the U.S. saw continued growth in the month of March, according to a report released by the Institute for Supply Management on Wednesday, although the pace of growth slowed by more than anticipated.
The ISM said its purchasing managers index dropped to 51.5 in March from 52.9 in February. While a reading above 50 indicates continued growth in manufacturing activity, economists had expected the index to show a more modest drop to 52.5.
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