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Growth in US Business Activity Is Weakest Since 2023 on Tariffs

US business activity expanded at the slowest pace since 2023, while output expectations deteriorated and price pressures mounted as tariffs created headaches for companies.
The U.S. business activity experienced its weakest growth since 2023, primarily due to the impact of new tariffs, according to a Bloomberg article from April 23, 2025. The article highlights that the S&P Global Flash US Composite Output Index dropped to 50.9 in April, signaling a slowdown in both manufacturing and service sectors. The manufacturing sector was particularly affected, with new orders declining and input costs rising due to tariffs on imported goods. Service sector growth also slowed, though it remained in expansion territory. The report suggests that businesses are facing increased uncertainty and higher costs, which are dampening economic activity and raising concerns about future growth prospects.

Read the Full Bloomberg Article at:
[ https://www.bloomberg.com/news/articles/2025-04-23/growth-in-us-business-activity-is-weakest-since-2023-on-tariffs ]