http://www.bloomberg.com/apps/news?pid=20601087&sid=abw9Ar0qccu0&pos=2
June 1 (Bloomberg) -- U.S. manufacturing grew in May at a faster pace than forecast as factories added workers to meet the greatest export demand in two decades as well as a revival in domestic orders.
The Institute for Supply Management’s gauge fell to 59.7 from 60.4 in April, exceeding the median forecast of economists surveyed by Bloomberg News, which called for a decline to 59. Readings greater than 50 point to expansion. Another report showed spending on construction projects rose in April by the most since 2000.
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Faster space than expected, still down a bit from that in April, but well above 50. Good.
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