By
WASHINGTON, March 21 (Reuters) – U.S. business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year.S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, dipped to 52.2 this month from 52.5 in February. A reading above 50 indicates expansion in the private sector.The modest slowdown reflected a further cooling in services sector activity. Manufacturing climbed to a 21-month high. The survey suggested that the economy ended the first quarter on solid ground, though the pace of growth probably slowed from the October-December quarter’s 3.2% annualized rate.The United States continues to outperform its global peers, despite 525 basis points worth of interest r …
See the entire article on inflation, or, read more Arizona real estate investing news. It’s your call!