Tag: PMI Composite Output index

US Business Activity Declines for Seventh Month in a Row as Recession Looms

January 25, 2023
Business & Marketsbusiness activityBusiness Confidenceeconomic downturneconomic recessioneconomyPMI Composite Output indexrecessionUSUS economy
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Business activity in the United States contracted for the seventh consecutive month in January, with both manufacturing and service sectors remaining in the red for the month, suggesting a downturn in economic activity. The S&P Flash U.S. PMI Composite Output Index for January came in at 46.6, up from 45 at the end of 2022,…

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Inflationary Pressures Cool U.S. Private Sector Expansion: S&P Global

May 25, 2022
Business & EconomyChinese Communist PartyCompanieseconomyinflationInvestmentMarketsPMI Composite Output indexUSUS Manufacturing
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American business activity slowed down in May as higher prices reduced demand for services, while lockdowns in China and the ongoing conflict in Ukraine caused chaos in the supply chains. S&P Global released its May U.S. Composite PMI Output Index survey on May 24, which tracks the manufacturing and services sector throughout the country. The index fell…

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US Flash PMI Rises in April, Inflationary Pressures Weigh Down on Businesses

April 23, 2022
Business & Economyeconomyhigh inflationinflationmanufacturing sectorPMI Composite Output indexS&P GlobalUSUS News
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Private sector output rose in the United States in April while companies shifted the burden of surging costs and higher wages onto customers, according to S&P. The S&P Global Flash U.S. Manufacturing Purchasing Managers Index (PMI) rose slightly to 59.7 in April from 58.8 in March, which signaled a “marked improvement” in operating conditions in the…

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