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Global Business News

The Economic Times

Global Business / The Economic Times

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US business activity cools in October; strong demand fueling price pressures

US business activity experienced a slight slowdown in October, though strong demand allowed price increases. The S&P Global Composite PMI Output Index indicated sustained economic expansion, even amid challenges. New orders received by businesses rose slightly, with the services sector seeing growth. Although price pressures persisted, employment in manufacturing increased significantly, highlighting capacity expansion. Economists anticipate further inflation concerns due to ongoing supply chain issues and geopolitical tensions.

23 Oct 2026 7:28 pm