U.S. manufacturing growth slows to 13-month low: ISM

The pace of U.S. manufacturing growth fell in February to its slowest in 13 months, according to an industry report released on Monday. The Institute for Supply Management (ISM) said its index of national factory activity fell to 52.9 from 53.5 the month before. A reading above 50 indicates expansion in the manufacturing sector. Most components of the index declined, suggesting a slowing in growth in the factory sector, though the main index's 50-plus reading marks the 28th consecutive month of growth in manufacturing.

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