by John Carney
Breitbart.com
Inflationary pressures are mounting in the manufacturing sector even as the growth of the U.S. economy slowed in April after a brisk first quarter, a pair of key business surveys indicated Tuesday.
The “flash” purchasing managers surveys from S&P Global showed that input prices continued to rise sharply in April, although the pace of inflation eased from the ten-month high hit in March. Manufacturers saw the fastest rise in input costs in a year thanks to rising prices of raw materials.
Services providers reported the slowest rise in overall costs in three years, according to S&P Global, although shipping and staffing costs continued to increase.