Growth in US Business Activity Is Weakest Since 2023 on Tariffs
Takeaways NEW
US business activity expanded at the slowest pace since 2023, while output expectations deteriorated and price pressures mounted as tariffs created headaches for companies.
The S&P Global flash April composite index of output at manufacturers and services providers dropped 2.3 points to 51.2, according to data released Wednesday. Figures above 50 indicate expansion. A gauge of future production slid 3.5 points to the lowest level since October 2022.