FX.co ★ US Private Sector Growth Weakest Since 2023

The S&P Global U.S. Composite PMI experienced a downward revision to 50.6 for April 2025, compared to an initial estimate of 51.2 and significantly lower than the 53.5 reported in March. This figure marks the weakest growth in the U.S. private sector since September 2023, with demand expansion reportedly hindered by policy uncertainties, particularly concerning trade. Although new business saw an uptick, it was only modest, and business confidence reached its lowest point in two and a half years. Employment levels showed little change. Regarding inflation, input cost pressures slightly diminished in April but remained high, as suppliers continued to transfer costs increased by tariffs to consumers. Consequently, companies raised their selling prices at the fastest rate since last September.