Growth Continues Gradual Slowdown

May 2005
Home Textiles Today;5/9/2005, Vol. 26 Issue 34, p15
Trade Publication
The article focuses on the U.S. manufacturing sector that continued to grow during April, but at a steadily slowing pace, with the rate of growth decelerating during each of the past six months. In April, the manufacturing sector grew for a 23rd consecutive month. The rate of growth slowed to its lowest level since July 2003. The trend is definitely toward a slower pace of growth, and that should relieve some of the pricing pressure that the sector has experienced during 2004 and year-to-date in 2005.


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