U.S. Business Activity Expands at Fastest Pace in 7 Months

And a measure of expected output in the coming year climbed to the highest since May 2022, boosted by firmer domestic demand.

By Vince Golle | January 24, 2024 at 11:59 AM

U.S. business activity expanded in January by the most in seven months, led by stronger orders growth that left service providers and manufacturers more confident about the demand outlook.

The S&P Global flash composite output index advanced to 52.3, fueled mainly by stronger services activity. Readings greater than 50 indicate expansion.

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