U.S. manufacturing sector slows in June: ISM

NEW YORK Wed Jul 1, 2009 11:14am EDT

NEW YORK (Reuters) - The U.S. manufacturing sector shrank in June but at a slower pace than during the prior month, according to an industry report released on Wednesday.

The Institute for Supply Management said its index of national factory activity edged up to 44.8 to in June from 42.8 in May. The median forecast of 73 economists surveyed by Reuters was for a reading of 44.5.

A reading below 50 indicates contraction in the manufacturing sector.

(Reporting by Steven C. Johnson; Editing by Chizu Nomiyama)