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Economic Report: Manufacturers grow at slowest pace since Trump’s election, ISM finds

Bloomberg
The U.S. economy has not been bowled over from rising headwinds, but it’s not knocking out the same rapid growth as it did last year.

The numbers: American manufacturers grew their businesses in February at the slowest pace since the election of President Donald Trump in November 2016, offering more proof the U.S. economy has gotten off to a slow start this year.

The Institute for Supply Management said its survey of top manufacturing executives fell to 54.2% last month from 56.6% in January. Economists surveyed by MarketWatch had forecast the index to total 55.5%.

Although any number above 50% reflects a growing economy, the closely followed ISM index has fallen off from a 14-year high of 60.8% last summer.

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