The Economy Is Off to a Quick Start For Last Quarter of 2023

In October, there were indications of an acceleration in the growth of the U.S. economy, as per the initial findings from S&P Global’s business surveys released on Tuesday.

These surveys covered both the services and manufacturing sectors.

The “flash” services-sector index from S&P increased to 50.9, marking its highest reading in three months, up from 50.1 in the previous month.

The manufacturing index, surpassing the growth-defining threshold at 50, presented the most favorable reading in six months, compared to the 49.8 reading in the preceding month.

This index had been in negative territory, indicating contraction, since the spring, Breitbart News reported.

READ MORE: https://www.breitbart.com/economy/2023/10/24/the-economy-is-off-to-a-hot-start-for-last-quarter-of-2024/

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