Manufacturing Holds Steady in March Despite Industrial Downturn
U.S. manufacturing extended its expansion in March, rising 0.3% for a fifth consecutive month and contributing to a strong 5.1% annualized growth rate for the sector in the first quarter of 2024. The automotive sub-sector led gains, with motor vehicle and parts production increasing 1.2% after a notable 9.2% jump in February. Overall industrial production, … Read more