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US output growth accelerates as business mood brightens and inflation cools
Flash US PMI® survey data signaled a marked upturn in growth of business activity in November to a 31-month high, with output buoyed by the sharpest rise in demand for two-and-ahalf years and improved business confidence. Firms' expectations of output in the coming year rose to the highest since May 2022, attributed to the prospect of lower interest rates, improved economic growth, and more supportive business policies from the new administration in 2025. Employment fell for a fourth successive month, while output price inflation cooled to the lowest since prices began rising in June 2020, with prices charged for ... (full story)
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- Posted: Nov 22, 2024 9:46am
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 5,904
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