Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    FTC fines GoodRx for sharing consumer health data with advertisers

    February 2, 2023

    What we know about Milwaukee’s 2024 Republican convention

    February 2, 2023

    More and more business owners are turning to artificial intelligence to stay competitive

    February 2, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Zepp News
    • Business
    • Entertainment
    • Health
    • Politics
    • Sports
    • Technology
    Zepp News
    Business

    Business activity contracts in January, but growth slows

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 24, 2023No Comments1 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A survey of purchasing managers showed business activity continued to contract this month as client demand remained subdued and high inflation weighed on client spending.

    The S&P Global Flash US Composite Purchasing Managers’ Index (PMI) came in at 46.6 in January, up from 45.0 in December and the highest in three months. The reading remained below 50, pointing to contraction in output. PMI readings for services activity, manufacturing and manufacturing output also rose, but were also below 50.

    The U.S. economy started the new year on a “disappointingly weak tone,” said Chris Williamson, chief business economist at S&P Global Market Intelligence. He noted that while the decline in business activity slowed slightly from December, it was the largest since the global financial crisis.

    lack of confidence

    Overall participant confidence continues to be low by historical standards due to the lingering impact of high prices and rising interest rates, as well as lingering concerns about supply and labor shortages, Williamson explained.

    He noted that the acceleration in input cost inflation was partly related to rising wages. That has raised concerns that the Fed will be encouraged to tighten monetary policy more aggressively despite rising recession risks.

    S&P Global


    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    shivachetanbijjal@gmail.com
    • Website

    Related Posts

    Capital One rebrands Elite Travel Spark to Venture X Business

    February 2, 2023

    Business Roundup: Interest Rates and Oil Profits

    February 2, 2023

    Shell’s integrated gas business delivers as LNG sales climb

    February 2, 2023

    Leave A Reply Cancel Reply

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    The Courier – a New Song with Benedict Cumberbatch

    January 14, 2020
    About Us

    This website is all about Tech Health Fitness Business and many other topic that very helpfull for everyone.

    Thank You.

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Facebook Twitter Instagram Pinterest
    • Home
    • Buy Now
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.