U.S. business activity slips to 11-month low in March amid Iran war, S&P Global survey shows [BNN Bloomberg (Canada)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: BNN Bloomberg
The survey from S&P Global also showed a deterioration in sentiment that contributed to the first decline in private-sector employment in just over a year. The findings at face value would suggest persistent labor market weakness, though timely data like weekly claims for unemployment benefits have remained consistent with stable conditions. “The flash PMI survey data for March signal an unwelcome combination of slower growth and rising inflation following the outbreak of war in the Middle East,” said Chris Williamson, chief business economist at S&P Global Market Intelligence. “Companies are reporting a hit to demand from the additional uncertainty and cost-of-living impact generated by the conflict.” S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 51.4 this month. That was the lowest level since last April and followed a 51.9 reading in February. The PMI has now declined for two straight months. A reading
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SPGI
News
- US PMIs Signal Stagflation Fears Accelerating As War Started [zero hedge]zero hedge
- US Business Activity Growth Cools as Prices Rise on Iran War 1 / 3 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Iran attacks in Strait of Hormuz are 'economic terrorism against every nation,' UAE oil CEO says [MSNBC.com]MSNBC.com
- US Business Activity Growth Cools as Prices Rise on Iran War [Yahoo! Finance]Yahoo! Finance
- Economic risks of U.S. war on Iran keep mounting [Yahoo! Finance]Yahoo! Finance
SPGI
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- 2/10/26 - Miss
SPGI
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- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- SPGI's page on the SEC website