SENSEX
NIFTY
GOLD
USD/INR

Weather

image 26    C

World News

The Economic Times

World / The Economic Times

details

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