Mumbai, May 2 -- The US manufacturing sector expanded only marginally in April, amid subdued growth in new work and a further fall in output. Although order books were supported by domestic demand, tariffs resulted in heightened uncertainty and a noticeable drop in new export sales.
Confidence in the outlook fell to its lowest since last June, while job losses were recorded for the first time in six months. On the price front, tariffs reportedly led to steep increases in both input costs and selling prices. Output charges notably rose to the greatest degree in over two years.
The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) recorded 50.2 in April, unchanged since March. Although above the crucial 50.0 n...