March manufacturing growth slower than Feb: ISM

U.S. factory activity grew in March but at a slower rate than in February, with a jump in prices paid but contraction in employment, according to a survey published on Monday.

The Institute for Supply Management said its index of national factory activity eased to 50.9 from 52.3 in February.

Economists' median forecast was for a slight easing to 51.1. A reading above 50 indicates growth in the sector.

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- Posted: 2007-04-02 10:50:04

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