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The ISM Manufacturing Index slipped further into contractionary territory in May, dipping to 48.7 from 49.2 in April, disappointing expectations for a marginal gain. The contraction also became more broad based, with 55% of manufacturing GDP having contracted in May, up from 34% in April. Demand slowing was reflected by the new orders index dropping […]

The post US: Manufacturing Slips Further into Contraction in May appeared first on Action Forex.

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