Mumbai, April 24 -- US business activity growth slowed to a 16-month low in April, according to flash PMI survey data, with business expectations about the year ahead also dropping to one of the lowest levels seen since the pandemic.
Prices charged for goods and services meanwhile rose at the sharpest rate for just over a year, with an especially steep increase reported for manufactured goods, linked to tariffs.
The headline S&P Global US PMI Composite Output Index fell from 53.5 in March to 51.2 in April. The fall in the index signals a deceleration of activity growth to a 16-month low from the three-month high seen in March.
Growth of service sector business activity slowed sharply to only a modest pace, registering the second weakest ...