US factories activity eased in March amid the US downturn and financial market turmoil, an industry survey showed today.
The closely watched Institute for Supply Management report on US manufacturing in March inched up to 48.6 from February's 48.3 but remained below the 50 level, which separates growth from contraction.
A weak reading on new orders pointed to sluggish demand as the economy teeters on the brink of recession.
The report also showed a rise in inflation.
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