U.S. factory activity eases; slowest pace since October 2013: Markit

Growth in the U.S. manufacturing sector eased in June, hitting its slowest pace since October 2013, according to an industry report released on Wednesday. Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers' Index declined to 53.6 in June, its lowest since October 2013, from 54.0 in May. The June reading was up slightly from a preliminary reading of 53.4. "Purchasing managers are reporting the slowest rate of manufacturing expansion for over a year and a half, suggesting that the economy is slowing again," said Chris Williamson, chief economist at Markit.

U.S. factory activity eases; slowest pace since October 2013: Markit source: http://finance.yahoo.com/news/u-factory-activity-eases-slowest-134847865.html