The pace of business activity in the U.S. Midwest declined in March to its lowest level since August, according to the Institute for Supply Management. The ISM’s most recent Chicago business barometer stands at 55.9, down from 59.8 in February. Economists surveyed by Reuters had forecast a reading of 59.0. Despite the decline in the Chicago gauge, the domestic manufacturing sector continues to grow at a moderate pace, experts say.
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