US Business Activity Declines for Seventh Month in a Row as Recession Looms

Business enactment successful the United States contracted for the seventh consecutive period successful January, with some manufacturing and work sectors remaining successful the reddish for the month, suggesting a downturn successful economical activity. The S&P Flash U.S. PMI Composite Output Index for January came successful astatine 46.6, up from 45 astatine the extremity of 2022, according to a news release on Jan. 24. Readings beneath 50 bespeak contractio...