US Business Activity Expands at Fastest Pace in Seven Months
- S&P Global composite gauge increases to 52.3 in January
- Inflation metrics keep cooling; outlook best since May 2022
This article is for subscribers only.
US business activity expanded in January by the most in seven months, led by stronger orders growth that left service providers and manufacturers more confident about the demand outlook.
The S&P Global flash composite output index advanced to 52.3, fueled mainly by stronger services activity. Readings greater than 50 indicate expansion. The group’s measure of expected output in the coming year climbed to the highest since May 2022, boosted by firmer domestic demand.