Manufacturing Growth Slows

Hogsett, Don
June 2005
Home Textiles Today;6/13/2005, Vol. 26 Issue 39, p20
Trade Publication
The article reports that while still growing modestly, the U.S. manufacturing sector, a principal driver of the American economy, continued to lose momentum during May 2005, the rate of growth slowing steadily over the past seven months, the nation's purchasing managers reported. In a monthly gauge of activity in the sector, the Institute for Supply Management said manufacturing continues to grow, but at a subdued pace, and its monthly barometer stood at 51.4, down from 53.3 in April 2005, a seventh straight month of cooling. The index is now down 9.8 points from a reading of 61.2 in June 2004.


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