US manufacturing activity expanded in March by the most since 2022, signaling a notable pickup in factory activity. However, input prices continued to surge amid the war with Iran, creating upward pressure on inflation and potential margin squeezes for manufacturers, which could lift commodity and energy prices and produce mixed market reactions.
US manufacturing activity expanded in March by the most since 2022, signaling a notable pickup in factory activity. However, input prices continued to surge amid the war with Iran, creating upward pressure on inflation and potential margin squeezes for manufacturers, which could lift commodity and energy prices and produce mixed market reactions.
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