US manufacturing performance improved in March, with growth solid and picking up since February amid better gains in both output and new orders, S&P Global US manufacturing PMI data show.
However, with tariffs continuing to hit new export sales, US growth was principally driven by higher domestic demand.
Firms are hopeful that March’s overall increase in sales will be sustained over the coming months.
However, with tariffs continuing to hit new export sales, US growth was principally driven by higher domestic demand.
Firms are hopeful that March’s overall increase in sales will be sustained over the coming months.