According to survey data, the growth of business activity in the US slowed in December to the lowest level since June this year, and new orders for both manufacturing and service industries declined, indicating that the momentum of the US economy is weakening. The early December composite purchasing managers' index announced by S&P Global fell to 53.0 from 54.2 in November, a six-month low, but still above the 50 expansionary boom and bust line. According to the data, the growth rate of new business was the smallest in nearly 20 months, while orders for new products declined for the first time in a year.

According to survey data, the growth of business activity in the US slowed in December to the lowest level since June this year, and new orders for both manufacturing and service industries declined, indicating that the momentum of the US economy is weakening. The early December composite purchasing managers' index announced by S&P Global fell to 53.0 from 54.2 in November, a six-month low, but still above the 50 expansionary boom and bust line. According to the data, the growth rate of new business was the smallest in nearly 20 months, while orders for new products declined for the first time in a year.