U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
July 01, 2022 at 10:10 AM EDT
The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still a big problem, but price pressures also eased for the fourth month in a row.