U.S. factory sector grows at slowest pace since Oct. 2013 in Aug - Markit

Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers' Index fell to 53.0 in August, down from 53.8 in July and marking the lowest level since October 2013. "August’s survey highlights that the U.S. manufacturing sector continues to struggle under the weight of the strong dollar and heightened global economic uncertainty, but resilient domestic spending and subdued cost pressures are keeping the recovery on track," said Tim Moore, senior economist at Markit. The