Mumbai, April 2 -- US manufacturing sector growth stalled in March. Having grown strongly in February, production declined as order books expanded only modestly despite evidence of a stabilization of exports.
Confidence in the outlook for business activity softened, amid some uncertainty over the impact of federal government policies. Employment numbers were unchanged after four months of job gains.
Softer trends in output and new orders, plus uncertainty in the outlook, weighed on hiring decisions. Cost pressures intensified, largely due to the impact of tariffs, with input price inflation rising to its highest level in over two-and-a-half years.
The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) remain...