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April 6, 2026
U.S. service sector activity showed a slowdown in March; the services purchasing manager’s index (PMI) slid to 54.0 in March after jumping to 56.1 in February, although a reading above 50 still indicates growth. The pullback in the headline index partly reflected a downturn in employment, as the employment index tumbled to 45.2 in March from 51.8 in February.
Business activity also shows a slowdown in the pace of growth, with the index slumping to 53.9 in March from 59.9 in February. The new orders index climbed to 60.6 in March from 58.6 in February, reaching its highest level since February 2023. The prices index also surged to 70.7 in March from 63.0 in February, jumping to its highest reading since October 2022.
Meanwhile, U.S. manufacturing activity showed slightly faster growth in March, its manufacturing PMI inched up to 52.7 in March from 52.4 in February, with a reading above 50 indicating growth. 04/06/2026 - 10:41:00 (RTTNews)
Euro traded at 1.1542 against USD at 9:00 AM PST
The number of unemployed decreased by 22,934, or 0.9%, in March from the previous month. The registered unemployment totaled 2.42 million, which was the lowest figure for the month of March in 18 years. Compared to last year, unemployment fell by 160,426, or 6.2%, in March.
By economic sectors, unemployment decreased by 18,852 in the service sector. Unemployment in construction and industry was down 5,846 and 1,482. Meanwhile, unemployment grew by 365 in the agriculture sector.
Additionally, unemployment among young people under the age of 25 fell by 431 in March compared with the previous month. As a result, youth unemployment declined to 188,977, the lowest level recorded for the month of March in the historical series. 04/06/2026 - 03:42:00 (RTTNews)
Singapore's private sector growth moderated in March amid slower rises in output and new orders, along with inflationary pressures. The purchasing managers' index (PMI) dropped to 56.7 in March from 59.2 in February. Nonetheless, reading above 50.0 indicates expansion in the sector.
The growth rate in output and new orders moderated to their weakest since January and last December. Although the employment growth remained strong, the rate of job creation was slower than in February as the accumulation in backlogs was less marked.
On the price front, input price inflation accelerated to a high in March, linked to higher costs for fuel, food, utilities, rent, transportation, raw materials, shipping, and airfares. Consequently, selling price inflation remained sharp. 04/06/2026 - 04:57:00 (RTTNews)
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