Manufacturing Growth Slows in June

Washington, DC, June 21, 2012 -- Manufacturing in the U.S. grew at the slowest pace in June in 11 months, according to the flash purchasing managers index released by Markit.

The flash PMI slowed to 52.9% from 54.0% in May. New export orders notably fell below the 50% mark indicating contraction, sliding to 48.9% from 50.5%.