Business

US manufacturing expanded at slower pace in May

By Christopher Rugaber
Published June 2, 2014 2:49pm ET
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US manufacturing expanded at slower pace in May
In this May 13, 2014 photo, Dave Roop, of Cicero, Ind., works on the line of a Chrysler transmission manufacturing facility in Tipton, Ind. The Institute for Supply Management releases its manufacturing index for May on Monday, June 2, 2014. (AP Photo/AJ Mast) | AJ Mast

WASHINGTON (AP) — U.S. manufacturers grew at a slower pace in May as measures of orders and production fell. Factories also added jobs at a slower pace.

The Institute for Supply Management said Monday its manufacturing index fell to 53.2 last month from 54.9 in April. That’s the lowest level since February. Any reading above 50 indicates expansion.

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