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Manufacturing Expansion Slows

American manufacturing expanded in March but at a slower pace than in previous months, suggesting a slowdown in the overall economy, according to a widely followed survey of manufacturers released today.

The National Association of Purchasing Management said its index of manufacturing growth fell to 51.4 percent in March from 54.5 percent a month earlier. It was the lowest rate of growth since September 1993, when the index measured 50.3 percent.

The index has been advancing for the last nineteen months. But in February and March it has increased at a significantly slower rate than in the preceding months.

An index reading above 50 percent indicates an expansion of activity at the nation’s factories, while a reading below 50 percent indicates a decline.

NAPM’s March production index was 53.6 percent, its lowest level in 13 months.



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Comey memo: Trump complained about Flynn’s ‘judgment issues’

UPDATED: 7:31 p.m.

President Donald Trump told former FBI Director James Comey that he had serious concerns about the judgment of his first national security adviser, Michael Flynn, and Trump’s chief of staff asked days later if Flynn’s communications were being monitored under a secret surveillance warrant, according to memos maintained by Comey and obtained by The Associated Press.