Mumbai, April 24 -- US business activity picked up slightly in April after nearly stalling in March, with the S&P Global US PMI Composite Output Index rising from 50.3 to 52.0, a three-month high. This indicates modest growth at the start of the second quarter, though still below levels seen last year.
The services sector remained weak, recording one of its slowest expansions in the past year. Demand softened further, with new business rising only marginally at the slowest pace in two years and exports continuing to decline. Firms linked subdued demand to uncertainty from the Middle East conflict, government policies and affordability pressures.
Manufacturing provided the main boost, with the S&P Global US Manufacturing PMI increasing fro...