Business

US manufacturers expanded in June but more slowly

By Paul Wiseman
Published July 1, 2014 3:33pm ET
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US manufacturers expanded in June but more slowly
Jerry Drury works on a truck engine assembly line at Volvo Trucks' powertrain manufacturing facility. | (AP Photo/Patrick Semansky)

WASHINGTON (AP) — U.S. manufacturing grew in June for the 13th straight month. But the pace of the expansion slowed from May.

The Institute for Supply Management said Tuesday that its manufacturing index dipped to 55.3 in June from 55.4 in May. Any reading higher than 50 signals that manufacturing is growing.

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