Business Activity Continues To Contract: Standard & Poors Global Finds

Standard & Poors has reported a number of troubling economic trends, including:

  • New business activity has renewed its sharp contraction from a peak in mid 2021.

  • Optimism among businesses is dropping again from 2021 levels.

  • While business activity is dropping, costs related to business activity are rising sharply.

The Standard & Poors Global Report provides an in depth analysis of this difficult trend that points towards general economic challenges lasting through the end of second quarter of 2022.

We will continue to track the story in preparation of more data on Gross Domestic Product and other key items in the days ahead that could show the general direction of the US and global economies.

The Association of Western Employers is dedicated to helping employers of all types to create career building job opportunities while helping employees develop those careers because every American deserves the opportunity for a great career.

Jeff Gibson