Business Activity Begins to Stagnate

But companies are upbeat about the outlook, buoyed by hopes of a stabilization in interest rates and inflation.

By Vince Golle | August 23, 2023 at 10:20 AM

Photo:A worker welds a structural steel beam during production. Photographer: George Frey/Bloomberg

U.S. business activity expanded in early August at the weakest pace in six months, inching closer to stagnation amid sluggish demand.

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