Chinese factories rise but U.S. manufacturing slows

Chinese factories rise but U.S. manufacturing slows

The U.S. Institute for Supply Management's factory purchasing managers index showed new orders slowed sharply in March.
The U.S. Institute for Supply Management’s factory purchasing managers index showed new orders slowed sharply in March.

[REUTERS]

Strong demand at home boosted activity at Chinese factories last month, but U.S. manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders.

Other surveys released on Monday showed manufacturing sectors in South Korea and Japan growing as exports increased, while Brazil faced sharply slower output and rapidly rising prices, suggesting a manufacturing recovery remained tenuous.

Read more about U.S. manufacturing at Reuters.