U.S. economy shows mixed signals in December, with services booming but manufacturing faltering.

U.S. economic activity has picked up in December, driven by a strong services sector, with the S&P Global Flash U.S. Composite PMI rising to 56.6, a near three-year high. However, the manufacturing sector is contracting, with PMI dropping to 48.3, its lowest level in over 4.5 years, largely due to concerns over potential tariffs and rising input costs. Despite this, private sector employment increased for the first time in five months.

3 months ago
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