U.S. manufacturing slows to lowest level in 2 years

October 1, 2015 4:10 PM

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U.S. manufacturing slows to lowest level in 2 years

American manufacturing growth is coming close to a stop.

One key metric for U.S. manufacturing -- the ISM manufacturing index -- fell for the third straight month to 50.2. That's the lowest mark since May 2013 and even below economists' expectations. So manufacturing did grow, but barely. And a reading below 50 means the sector shrank.

Also read: Ad-Spending Growth to Slow Significantly in 2017

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