News Formal

US Business Activity Barely Expands on Subdued Customer Demand

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

US business activity expanded in early August at the weakest pace in six months, inching closer to stagnation amid sluggish demand.

The S&P Global flash composite output index fell 1.6 points to 50.4 in August as manufacturing continued to shrink and services activity cooled, the group reported Wednesday. Readings above 50 indicate growth.

“Companies report that demand is looking increasingly lethargic in the face of high prices and rising interest rates,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement. The report offered mixed news on inflation. Costs of wages and materials accelerated, but growth in prices charged eased slightly as companies tried to stoke demand for goods and services.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

German business activity suffers steepest decline since May 2020-flash PMIBERLIN (Reuters) - German business activity contracted at the fastest pace for more than three years in August, a preliminary survey showed on ...
Источник: SaltWire Network - 🏆 45. / 63 Прочитайте больше »