U.S. factory gains cool as inflation in raw materials picks up

U.S. FACTORIES expanded at slightly slower pace in March. / BLOOMBERG FILE PHOTO/MARCELO PEREZ DEL CARPIO
U.S. FACTORIES expanded at slightly slower pace in March. / BLOOMBERG FILE PHOTO/MARCELO PEREZ DEL CARPIO
NEW YORK - United States factories expanded at slightly slower pace in March and a measure of raw-material prices hit an almost seven-year high, as manufacturers struggled to keep up with demand, data from the Institute for Supply Management showed Monday. Highlights of ISM Manufacturing (March) Factory index eased to 59.3 (est. 59.7) from 60.8…

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