FILE PHOTO: A General Motors assembly worker loads engine block castings on to the assembly line at the GM Romulus Powertrain plant in Romulus,
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. With goods disinflation likely drawing to an end, the increase in services prices will need to slow considerably to keep overall inflation on a downward trajectory.
Growth in new orders slowed, but employment increased and supply chains improved further. Input prices rose. S&P Global said "anecdotal evidence suggested that inventories had been built to a level sufficient to support current workloads." HEALWELL debuted in the fourth quarter of 2023 and since then has achieved significant milestones including raising approximately $29.