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U.S. Factories Buck Global Growth Slowdown

Wall Street Journal (07/01/13) Brenda Cronin

The Institute for Supply Management’s broad index rose to 50.9 in June from 49 in May. A reading above 50 indicates expansion. New orders, production, and inventories grew. However, the employment index shrank for the first time in almost four years. U.S. manufacturers are outperforming their foreign counterparts, but also are suffering from weak foreign markets. Domestic demand is aiding some U.S. growth.