US manufacturing sector expands marginally in Apr: S&P Global Ratings
The US manufacturing sector expanded only marginally in April, amid subdued growth in new work and a further fall in output, S&P Global Ratings said. Tariffs resulted in heightened uncertainty and a noticeable drop in new export sales. Production fell for a second month in a row, albeit marginally and at a slower pace than in March. Supply disruptions and cost concerns were widely noted.
The US manufacturing sector expanded only marginally in April, amid subdued growth in new work and a further fall in output, S&P Global Ratings said.
Tariffs resulted in heightened uncertainty and a noticeable drop in new export sales.
Production fell for a second month in a row, albeit marginally and at a slower pace than in March.
Supply disruptions and cost concerns were widely noted.
