U.S. manufacturing slows modestly; excess inventories a major concern

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A U.S. Pipe factory is seen in Bessemer, Alabama, U.S., February 23, 2022. REUTERS/Elijah Nouvelage WASHINGTON, Aug 1 (Reuters) - U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked. While the Institute for Su...

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