The U.S. economy's manufacturing sector expanded in April but at a slower pace than the previous month, according to an industry report released on Monday.
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The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.8 from 51.8 the month before. The reading was below expectations of 51.4 from a Reuters poll of economists.
A reading above 50 indicates expansion in the manufacturing sector and a reading below 50 indicates contraction.
The employment index rose to 49.2 from 48.1 a month earlier. Expectations called for a reading of 49.0.
New orders dropped to 55.8 from 58.3. The prices paid index rose to 59.0 from 51.5, compared to expectations of 52.0.
(Editing by Chizu Nomiyama)