By Mark Memmott
Activity at the nation's factories continued to weaken in June, but the pace of decline wasn't as steep as in the previous month, according to the latest index from a trade group that monitors how things are going in the manufacturing sector.
The Institute for Supply Management says its manufacturing index stood at 44.8 in June, vs. 42.8 in May.
Any reading below 50 is a sign that manufacturing is weakening. So the June figure seems to signal that "a slow recovery for manufacturing is forming" but that things aren't great just yet, Norbert Ore, chair of the group's manufacturing business survey committee, tells the Associated Press.
Among the data the ISM looks at to produce its index are orders, production, employment and prices.
categories: Business, National News
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