U.S. business activity remains subdued in September - S&P Global survey
U.S. business activity remains subdued in September - S&P Global survey
https://www.reuters.com/markets/us/us-business-activity-remains-subdued-september-sp-global-survey-2022-09-23/
U.S. business activity contracted for a third straight month in September, though the pace of decline slowed while improving global supply chains eased inflation pressures for companies.
S&P Global said on Friday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to 49.3 this month from a final reading of 44.6 in August.
A reading below 50 indicates contraction in the private sector. Discounting the slump during the first wave of the COVID-19 pandemic in the spring of 2020, business output in the third quarter was the weakest since the 2007-2009 global financial crisis.
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S&P U.S. manufacturing PMI (flash) Sept. Previous: 51.5, Expected: 51.4, Actual: 51.8
S&P U.S. services PMI (flash) Sept. Previous: 43.7, Expected: 46.0, Actual: 49.2