U.S. business activity growth slows as services soften

U.S. business activity growth slows as services soften

U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input prices and slowed hiring indicate the Federal Reserve could be making progress on important fronts in its bid to reduce inflation. S&P Global said its flash U.S. Composite PMI […] The post U.S. business activity growth slows as services soften appeared first on Inquirer Bus…

US business activity growth slows as services soften

S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. July's reading showed the sixth straight month of growth but was restrained by softening conditions in the service sector. Readings above 50 indicate expansion.

U.S. business activity growth slows as services soften

U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input prices and slowed hiring indicate the Federal Reserve could be making progress on important…

U.S. business activity slows to five-month low in July as services soften

Monday’s tepid survey data supported evidence that the U.S. economy was still growing as the third quarter began, but at a slower rate from the April-through-June period

U.S. business activity growth slows as services soften

By Safiyah Riddle (Reuters) - U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input prices and slowed hiring indicate the Federal Reserve could be making progress on important fronts in its bid to reduce inflation. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a…