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US Business Activity Gauge Improves, But Still Shows Contraction

  • S&P Global’s September flash composite index rises to 49.3
  • Gauge of input inflation drops to lowest since early 2021
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US Business Activity Shrinks Again in September

US business activity contracted in September for a third-straight month, though at a more moderate pace as a pickup in orders and a further softening of inflation allayed concerns of a more-pronounced pullback.

The S&P Global flash composite purchasing managers output index increased 4.7 points to a three-month high of 49.3, the group reported Friday. Readings below 50 indicate contraction. The composite measure of orders at service providers and manufacturers rose to a four-month high.