US Business Activity Rebounds As Services Growth Outpaces Forecasts, Yet Cost Pressures Intensify

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According to flash business surveys released Monday by S&P Global, the Composite Purchasing Managers Index, which tracks manufacturing and services, climbed to 53.5 in March, up from 51.6 in February.

Yet, according to Chris Williamson, economist at S&P Global, part of the March upturn in services activity may reflect a temporary bounce following severe weather disruptions earlier in the year.

U.S.business output surged in March, powered by a stronger-than-expected rebound in services activity that challenged recession fears.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Tech US88160R1014 ETFs META PLTR Econ #s US78462F1030 SPY Macro Economic Events Equities Expert Ideas Stories That Matter Large Cap TSLA Benzinga Broad U.S. Equity ETFs Top Stories Economics Analyst Color

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 14:33:04 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 27278781

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