US Business Activity Expands in April 2024 at Slowest Pace in Four Months

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.

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