Manufacturing Expands in August at Slower Pace

Washington, DC, Sept. 1, 2011 -- Manufacturing continued to expand but at a slower pace in August, according to the ISM Manufacturing index.

The index fell to 50.6 in August, beating estimates for a reading of 48.5, which would have indicated contraction.

The ISM employment registered 51.8 in August, down from 53.5 in July.]