US: New business intakes fall for first time in two years as war in the Middle East and inflation hit demand | Metals Mine

  • US: New business intakes fall for first time in two years as war in the Middle East and inflation hit demand

    From pmi.spglobal.com

    The US service sector registered a decline in new work inflows at the start of the second quarter of 2026, according to the latest PMI data from S&P Global. It was the first reduction in demand since April 2024 amid the negative impact of the war in the Middle East and higher inflationary pressures. That said, there was a marginal improvement in business activity, whilst employment also rose slightly and confidence in the outlook improved. Higher prices for goods and services, most notably fuel and gas, plus increased labor-related costs continued to drive typical operating expenses up, which contributed to ... (full story)

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Trader#52C0
May 5, 2026 8:49am
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what does this mean
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marsh420
May 5, 2026 8:56am
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people are not starting buisnesses because there is less demand to be met with supply
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marsh420
May 5, 2026 8:57am
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because most people pockets are getting ran dry. no extra money to spend
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travelista
May 5, 2026 9:11am
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lol @ there was marginal improvement in business activity whilst employment rose and confidence in the outlook improved.... The assessment of ex-fox news hosts.
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Trader#E6DD
May 5, 2026 9:56am
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Then trade against the markets
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