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ISM manufacturing falls modestly

Economic activity in the US manufacturing sector expanded in May for the 34th consecutive month but at a slightly slower rate, according to the Institute for Supply Management.

Its figures also show overall economy grew for the 36th consecutive month.

The institute's PMI registered 53.5%, a modest decrease of 1.3 percentage points from April's reading of 54.8%, indicating expansion in the manufacturing sector for the 34th consecutive month.

Story provided by StockMarketWire.com

01/06/2012

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