Manufacturing Surges, Despite Input Costs and Uncertainty
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. manufacturing continues its growth streak, reaching a PMI of 52.7% in March, the highest since August 2022. This growth is expected to translate to around 1.8% annualized real GDP growth. However, input prices surged, with the index jumping to 78.3%, the steepest in nearly four years, due to the Iran conflict and tariff hits. Supplier deliveries also slowed, and employment remained in the red for the thirtieth month. Despite these challenges, new orders and production continued to rise.
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