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The Economic Times
The Economic Times
National

US manufacturing activity eases in June; prices paid by factories remain elevated

United States ISM Middle East

WASHINGTON: U.S. manufacturing activity slowed in June after surging in the prior month, likely as some of the lift from businesses front-loading orders to avoid shortages and higher prices caused by the Middle East conflict faded.

The Institute for Supply Management said on Wednesday its manufacturing PMI slipped to 53.3 last month from 54.0 in May, which ‌was the highest ⁠reading ⁠since May 2022.

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