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U.S. Business Growth Slows Amid Tariff Pressures and Cooling Demand
U.S. Business Growth Slows Amid Tariff Pressures and Cooling Demand
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BTCCSquare news:
U.S. business expansion decelerated in September, marking the weakest pace in three months as tariffs drove up costs and demand softened. S&P Global's flash composite output index dipped to 53.6, remaining above the expansion threshold of 50. Input costs for services surged to a four-month high, while selling price increases slowed—a sign of squeezed corporate margins but potential relief for inflationary pressures.
Manufacturers faced the largest buildup of finished-goods inventories since 2007, though Optimism persists about future demand. Firms anticipate lower borrowing costs and potential benefits from protective tariffs boosting domestic production. The OECD's warning about tariffs' full impact looms as a risk to growth trajectories.
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