Growth in US Business Activity Moderates as Prices Accelerate
- S&P Global’s flash September gauge eases to 54.4 from 54.6
- Composite prices-received measure rises to six-month high
The index of prices paid for inputs that include materials and wages climbed to a one-year high.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
US business activity expanded at a slightly slower pace in early September, while expectations deteriorated and a gauge of prices received climbed to a six-month high.
The S&P Global flash composite output index ticked down 0.2 point to 54.4 as manufacturing contracted for a third month and service providers expanded at a slightly slower rate. Figures higher than 50 indicate expansion.