U.S. manufacturing increased in July but at slower pace

THE INSTITUTE for Supply Management's U.S. Manufacturing index indicated expansion in July, but was lower than it was in June. / AP FILE PHOTO/JASON FARMER/ THE TIMES-TRIBUNE
WASHINGTON (AP) – Growth in United States manufacturing slowed in July amid ongoing supply-chain problems. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of manufacturing activity declined by 1.1 percentage points to a reading of 59.5. The index stood at 60.6 in June. Any reading above 50…

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