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Economic Report: U.S. manufacturers expand in May at slowest pace in 2 1/2 years, ISM finds

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Manufacturers based in the U.S. are growing at the slowest rate in 2 1/2 years.

The numbers: American manufacturers said business grew in May at the slowest pace in two and a half years, reflecting disruptions caused by the trade standoff with China as well as softer auto sales, a survey of executives found.

The Institute for Supply Management said its manufacturing index slipped to 52.1% last month from 52.8% in April. Economists surveyed by MarketWatch had forecast the index to total 52.6%.

Readings over 50% indicate more companies are expanding instead of shrinking, but the index has fallen to the lowest level since the month before Donald Trump was elected president.

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