USMC - News Of Further Solid Economic Growth From U.S. Flash PMI Tainted By Rise In Price Pressures
2024-03-22 04:40:00 ET
Summary
- Further expansions of manufacturing and service sector output in March helped close off another quarter of likely robust GDP growth for the US economy.
- Service providers reported a slower pace of expansion than factories, with the rate of increase also moderating slightly compared to February, linked in part to ongoing cost of living pressures.
- The overall slowdown in the pace of output growth reflected a slight loss of momentum in the service sector, where activity rose at the weakest pace in three months.
Further expansions of both manufacturing and service sector output in March helped close off another quarter of likely robust GDP growth for the US economy....
News Of Further Solid Economic Growth From U.S. Flash PMI Tainted By Rise In Price Pressures