US business activity at 9-month low in January; hiring accelerates

Quick Summary:

S&P Global said on Friday that its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, declined to 52.

The survey's flash manufacturing PMI edged up to 50.1, the highest level since June, from 49.4 in December.

The increase was across manufacturing and services sectors, suggesting inflation could stay high for some time.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Hiring accelerates in US US economic growth US business activity Trump Trade Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 22:02:10 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25406627

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 3 hours ago

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Publisher ID: #49

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