Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'
The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest expansion since December 2023. A positive takeaway from the flash Purchasing Managers Index (PMI) surveys released Tuesday by S&P Global is the welcome moderation in the rates of increase for selling prices in both goods and services observed in April. Global’s Flash PMIs For April 2024: Key Takeaways The U.S. Composite PMI decelerated from 52.1 t