Home News U.S. Business Activity Cools in April; Inflation Measures Mixed

U.S. Business Activity Cools in April; Inflation Measures Mixed

April 24, 2024

by Reuters
Yahoo! Finance

(Reuters) – U.S. business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further.

S&P Global said on Tuesday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 50.9 this month from 52.1 in March. A reading above 50 indicates expansion in the private sector.

The slowdown reflected weaker rates of growth in both the manufacturing and services sectors, with activity easing to three- and five-month lows, respectively.

Continue Reading at Finance.Yahoo.com…

© 2024 Inflation Café

Inflation Café (IC) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. IC content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. IC does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by IC. Readers are cautioned not to rely solely on IC content for investment decisions.

IC and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. IC is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. IC does not charge its viewers/listeners/readers any fees. By accessing IC content, users agree that IC and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided.