Economic Crosswinds: US Manufacturing Struggles While Services Show Resilience

Recent data paints a complex picture of the US economy. While the Chicago Fed's activity index dipped to -0.28 in September, signaling overall economic slowdown, S&P Global's latest survey reveals unexpected strength in certain sectors. Manufacturing continues to face headwinds, posting 47.8 in October, but services maintain robust performance at 55.3. The composite index reached 54.3, suggesting economic resilience despite mixed signals.

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