US business growth slowed down in September
The post US business growth slowed down in September appeared on BitcoinEthereumNews.com. U.S. business activity grew in September but at the weakest pace in three months, with softer demand limiting how much firms could raise prices even as tariffs added to their costs. S&P Global’s flash composite output index slipped by 1 point to 53.6, the group said Tuesday, still above the 50 line that signals expansion. While the measure of prices paid for materials climbed to a four-month high, the gauge of prices charged fell to the lowest since April. Input costs in services increased to the highest since May. “Although tariffs were again cited as a driver of higher input costs across both manufacturing and services, the number of companies able to hike selling prices to pass these costs on to customers has fallen, hinting at squeezed margins but boding well for inflation to moderate,’’ Chris Williamson from S&P Global Market Intelligence said in a statement. A pair of the firm’s composite indicators pointed to the slowest growth in new orders and in backlogs in three months. New business at service providers cooled, and bookings at factories barely rose. With demand easing, the composite employment index slipped to a five-month low. For manufacturers, slower sales growth contributed to the largest build-up of finished-goods inventories in data back to 2007, the report said. Even so, company expectations for demand over the next year improved, helped in part by hopes that borrowing costs will move lower. Manufacturers also remained upbeat that higher tariffs could support production at home. OECD warns Tariffs’ full impact on businesses still ahead Separately on Tuesday, the OECD warned that the full effect of President Donald Trump’s tariff increases “has yet to be fully felt” across the U.S. economy. The organization projected global growth at 2.9% and U.S. growth at 1.5% in 2026, down sharply from 3.3% and…
The post US business growth slowed down in September appeared on BitcoinEthereumNews.com.
U.S. business activity grew in September but at the weakest pace in three months, with softer demand limiting how much firms could raise prices even as tariffs added to their costs. S&P Global’s flash composite output index slipped by 1 point to 53.6, the group said Tuesday, still above the 50 line that signals expansion. While the measure of prices paid for materials climbed to a four-month high, the gauge of prices charged fell to the lowest since April. Input costs in services increased to the highest since May. “Although tariffs were again cited as a driver of higher input costs across both manufacturing and services, the number of companies able to hike selling prices to pass these costs on to customers has fallen, hinting at squeezed margins but boding well for inflation to moderate,’’ Chris Williamson from S&P Global Market Intelligence said in a statement. A pair of the firm’s composite indicators pointed to the slowest growth in new orders and in backlogs in three months. New business at service providers cooled, and bookings at factories barely rose. With demand easing, the composite employment index slipped to a five-month low. For manufacturers, slower sales growth contributed to the largest build-up of finished-goods inventories in data back to 2007, the report said. Even so, company expectations for demand over the next year improved, helped in part by hopes that borrowing costs will move lower. Manufacturers also remained upbeat that higher tariffs could support production at home. OECD warns Tariffs’ full impact on businesses still ahead Separately on Tuesday, the OECD warned that the full effect of President Donald Trump’s tariff increases “has yet to be fully felt” across the U.S. economy. The organization projected global growth at 2.9% and U.S. growth at 1.5% in 2026, down sharply from 3.3% and…
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