US economy near stalling point as consumer demand weakens, survey says
U.S. business activity in August approached stagnation, with growth at its weakest since February as demand for new business in the service sector contracted.
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Posted 8/23/2023, 1:51:20 PM
yahoo.com
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German business activity, particularly in the services sector, experienced its sharpest decline since May 2020, leading to concerns about the country's outlook for the remainder of the year and potential stagflation, as both manufacturing and services sectors are contracting.
U.S. manufacturers reported a decline in business activity for the 10th consecutive month in August, but the declines are becoming less widespread, suggesting that the trough in the cycle may be approaching.