English | دری

US manufacturing sector grew at its slowest pace in six months

in International Business

US manufacturing sector grew at its slowest pace in six months

us manufacturing sectorThe US manufacturing sector’s growth was at its worst in six months during April.

According to Research Firm Market, the Purchasing Manager’s Index fell from 54.6 to 52, slightly above the 50 level, marking the line between growth and contraction.

Chris Williamson, chief economist at Markit, said the findings suggested output growth was slowing sharply in the second quarter.

“While this week’s first quarter GDP numbers may… bring some brighter news on the economy, the picture looks to have already begun to darken again, with GDP growth set to weaken in the second quarter.”

Figures due out on Friday are expected to show the US economy grew at an annualised pace of 3% in the first three months of the year.

Similar surveys released on Tuesday covering China and the eurozone also showed economic activity weakening.



Related Articles

Health care law may mean less hiring in 2013

Paul Davidson, USA TODAY Many businesses plan to bring on more part-time workers next year, trim the hours of full-time

China inflation rate slows to 3.4% in April

China’s inflation rate slowed in April, raising hopes that the central bank will ease its monetary policy to sustain growth.

Spanish new low-cost airline Iberia Express launched

Spain’s Iberia has launched a new entry in Europe’s competitive market for low-cost airlines. The new airline, Iberia Express, begins

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*