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US Factory Activity Slides Into Contraction Territory

US manufacturing slipped back into contraction territory this month, as the S&P Global flash March factory index dropped nearly 3 points to 49.8 from the highest level since mid-2022. The services activity gauge climbed to a three-month high, with the flash March composite index increasing 3 points to 52.4. Matt Miller and Dani Burger have the details on Bloomberg Television.

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