U.S. factory activity inches up in July: Markit

July 24, 2015 2:17 PM

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U.S. factory activity inches up in July: Markit

NEW YORK, Growth in the U.S. manufacturing sector edged up in July after slowing for three months in a row, according to an industry report released on Friday.

Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers' Index rose to 53.8 in July from a final June reading of 53.6, which was the slowest pace since October 2013. Economists polled by Reuters had forecast the July figure would be 53.6.

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