U.S. Manufacturing Probably Grew at Slowest Pace in Eight Months

Manufacturing probably expanded in June at the slowest pace in eight months, indicating the industry may provide less support for the U.S. expansion, economists said before a report today.

The Institute for Supply Management’s factory index fell to 52 from 53.5 the prior month, according to the median estimate of 60 economists surveyed by Bloomberg News. Readings greater than 50 signal growth. Construction spending increased in May for a third month, separate figures may show.