Indicators
US Business Activity Growth Slows While Demand Outlook Dims
- S&P Global composite gauge fell to five-month low in July
- Expectations slid to lowest this year, output prices rose
This article is for subscribers only.
US business activity expanded in early July at the slowest pace in five months as services growth moderated.
The S&P Global flash US composite purchasing managers index fell 1.2 points to 52 in July, the group reported Monday. Readings above 50 indicate growth. A gauge of future activity also declined, slipping to its weakest level this year as service-provider optimism waned.