US business activity growth slowed in April
April 23, 2024
US business activity continued to grow in April, but the pace of expansion slowed amid signs of weaker demand. The latest rise in output was the smallest so far this year, reflecting a slowdown in the pace of growth and a fall in orders in both manufacturing and services. In April, total new orders fell for the first time in six months. In response, companies cut employment for the first time in nearly four years and business confidence fell to its lowest level since November last year.
