US Business Activity Expands at Slowest Pace in Four Months
- S&P Global’s flash April gauge decreases to 50.9 from 52.1
- Composite employment shrinks for first time since 2020
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US business activity expanded in April at the slowest pace this year on a pullback in demand that led to the first decline in employment since 2020.
The S&P Global flash April composite index of output at manufacturers and service providers slipped 1.2 points, the most since August, to 50.9. Readings above 50 indicate expansion. The composite measure of orders showed the first contraction in six months.