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US manufacturing sector grows for the first time in 1.5 years

By Economic Times - 8 months ago
In March, U.S. manufacturing experienced its first growth in 1.5 years, as indicated by the Institute for Supply Management's (ISM) manufacturing Purchasing Managers' Index (PMI) rising to 50.3, the highest reading since September 2022. This rebound ended 16 consecutive months of contraction in the sector.

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