June 1, 2010
- A d v e r t i s e m e n t
The US manufacturing sector expanded for its 10th consecutive month in May, but at a slower rate, a survey says.
The Institute for Supply Management’s (ISM’s) purchasing managers index fell to 59.7 points last month, slightly down from 60.4 the month before.
A figure of 50 or above represents growth.
Meanwhile, data from the Census Bureau showed that US spending in the construction industry rose in April at its fastest monthly rate since 2000.