EconomyUS business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says
S&P Global said activity in the large U.S. services sector picked up speed in July. Spending linked to the FIFA World Cup and the Independence Day holiday helped support the increase. Manufacturing growth, however, slowed to its weakest pace since March. The U.S.-Israeli-led war with Iran reduced precautionary stock building, adding to the sector’s slowdown. The broader improvement in business activity may therefore prove temporary.
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US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says
Economy