WASHINGTON (MarketWatch) -- The U.S. manufacturing sector grew at a slower pace for a fourth straight month in October, according to the Institute for Supply Management index released Thursday. The ISM index fell to 50.9% from 52% in September. Economists expected a dip to 51.5%. Readings over 50% indicate most firms were growing. The index has been above 50% for nine straight months, but has declined for four straight months. The new orders index fell to 52.5% from 53.4% in September. The production index dropped to 49.6% in October from 54.6% in September. The prices paid index rose to 63% from 59%. End of Story
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