"US Manufacturing Rebounds Despite Raw Material Price Challenges"
TL;DR Summary
US manufacturing grew for the first time in 1-1/2 years in March, with production rebounding and new orders increasing, but employment at factories remained subdued. Risks remain from rising raw material prices, which could lead to goods inflation. The Institute for Supply Management's survey indicated that the sector is on the mend, but challenges persist. While manufacturing has turned the corner, construction spending unexpectedly dropped in February.
Topics:business#businesseconomy#employment#factory-output#ism-survey#raw-material-prices#us-manufacturing
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