US Business Activity Stagnates on Subdued Demand for Services
- S&P Global composite gauge edged down to 50.1 in September
- New orders shrink by most this year, employment picks up
This article is for subscribers only.
US business activity stagnated in early September, driven by a further moderation in demand at service providers.
The S&P Global flash composite output index decreased 0.1 point to 50.1 in September, the lowest level since early this year, the group reported Friday. A reading of 50 demarcates the line between expansion and contraction.