Manufacturing Growth Slows in Sept.

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The nation’s manufacturing sector expanded at the slowest pace in over a year in September amid weaker U.S. auto sales and a slumping housing market, the Associated Press reports, citing a trade group.


The Institute for Supply Management, based in Tempe, Ariz., said its manufacturing index registered 52.9 in September, below August’s reading of 54.5 and the lowest reading since May 2005.


Analysts had been expecting a reading of 53.5.


A reading of 50 or more indicates expansion, while below 50 shows contraction. The September figure represented the 40th consecutive month of growth.


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