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Report: Manufacturing expansion drops to lowest level since 2009 (access required)

A key indicator of the nation’s manufacturing activity last month dipped to its lowest level since the Great Recession. The IHS Markit Purchasing Managers’ Index fell to 50.5 in May, down from 52.6 in April, indicating only marginal improvement. New orders also fell for the first time since August 2009, IHS reported. “May saw U.S. manufacturers endure ...
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