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U.S. Business Activity Slows in May Amid Rising Costs and Weak Demand

GateNews

2026-05-21 14:00:09

According to Chris Williamson, S&P Global chief business economist, U.S. business activity posted only modest growth in May, with demand pressured by rising prices and companies cutting staff amid cost concerns. Enterprise costs are rising at the fastest pace since 2022's energy shock, while order growth has fallen to a two-year low, signaling economic deceleration.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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