Mumbai, March 25 -- US business activity growth picked up momentum in March, according to flash PMI survey data, as a marked upturn in the service sector offset a renewed fall in manufacturing output.
However, business expectations for the year ahead fell to their second lowest since October 2022 as companies grew increasingly cautious about the economic outlook, often citing worries over customer demand and the impact of aspects of the new administration's policies.
Jobs growth was also subdued amid heightened uncertainty about the outlook and concerns over rising costs. Input price inflation accelerated sharply, especially in manufacturing, to a near two-year high, often attributed to the impact of tariff policies.
However, competition...