A report argues that the activity is stagnant, since any beneficial effect of tariffs is counteracted by the greatest economic uncertainty, and concerns about the supply chain.
A report explained that American business activity expanded to the slowest rhythm since 2023while production expectations deteriorated and pressures on prices increased, in a context in which tariffs created problems for companies.
To those conclusions up if it is done A preliminary April reading of the Global S&P compound index for the production of manufacturers and service providers that fell 2.3 points, up to 51.2according to data published on Wednesday. Experts argue that figures greater than 50 indicate expansion.
“Manufacturing activity is generally stagnant, since any beneficial effect of tariffs is counteracted by the major uncertainty economic, the concerns on the supply chain and the drop of the Exportswhile the economy of the services is slowing down in the midst of a weakening of demand growth, especially in terms of exports such as travel and tourism, ”Chris Williamson, chief economist of S&P Global Market Intelligence, said in a statement.
USA tariffs
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Commercial War: Strong complications in the industry
“Tariffs are mentioned as the main cause of prices increase, although, as reported, Labor costs also continue to increasewhich leads companies to raise their sales prices at a rate not seen in more than a year, “said Williamson.
The growth of orders to manufacturers improved slightly with respect to the previous month, while the new business suppliers indicator decreased one point. However, The new services export businesses indicated the greatest contraction since early 2023. The survey data was collected between April 9 and 22.
Another published report On Wednesday he revealed that sales of new housing in the US were fired last month thanks to an expected decrease in mortgage rates Already the continuous sales incentives to start the crucial spring sales season. The increase was mostly driven by the south.
Source: Ambito
