Mumbai, April 2 -- US manufacturing activity continued to grow in March, marking the third straight month of expansion, according to the ISM Manufacturing PMI report. The index rose slightly to 52.7 from 52.4 in February, indicating steady improvement in the sector and ongoing overall economic expansion.
Production increased at a faster pace, while new orders remained in growth territory but slowed compared to the previous month. At the same time, price pressures intensified significantly, with the Prices Index jumping to its highest level since mid-2022, driven by higher input costs.
However, not all indicators were positive. Employment levels stayed in contraction, showing that companies remain cautious about hiring. Inventories also de...