India, July 1 -- A report released by the Institute for Supply Management on Wednesday showed a modest decrease by its reading on U.S. manufacturing activity in the month of June.
The ISM said its manufacturing PMI dipped to 53.3 in June after rising to 54.0 in May, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.9.
The slight pullback by the headline index came amid a slowdown in the pace of growth in production, as the production index fell to 52.2 in June from 54.3 in May.
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