from MSNBC:
U.S manufacturing grew in June at its slowest pace in 11 months and
hiring in the sector slowed as overseas demand for U.S. products waned,
an industry survey showed on Thursday...
Financial information firm Markit said its U.S.
"flash" manufacturing Purchasing Managers Index fell to 52.9 from 54.0
in May. The June reading was the lowest since last July although it
stayed above 50, indicating expansion in activity.
For
the second straight month, weaker demand from Europe and large emerging
markets such as China dented sales. Markit said U.S. manufacturers
reported the second largest decline in new export orders since September
2009.
The index's new orders component fell to 54.1 from 54.6.
And jobless claims rose to the highest level in 11 months.
