US Business Activity Slows, Marking Weakest Growth in Four Months In April, US business activity experienced its slowest expansion of the year, triggered by a significant pullback in demand. This slowdown resulted in the first employment decline seen since 2020. The S&P Global flash composite index, which tracks output at manufacturers and service providers, fell 1.2 points to 50.9—the most substantial drop since August. While readings above 50 still denote expansion, the downturn is notable. Moreover, the composite measure of orders indicated the first contraction in six months, signaling potential challenges ahead for the US economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BullionStar In the News – Mediacorp Channel 8 April 17th, 2024 READ MORE CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion READ MORE Yellen Cautions: Inflation’s Decline Might Not Be Smooth READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE Jobs Report Shakes Up Fed Rate Cut Expectations, Bolsters Dollar READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment