US December commercial activity growth fell to its lowest point in six months.

Survey data shows that the growth of commercial activities in the United States slowed down in December, dropping to the lowest level since June of this year. Both the manufacturing and service sectors saw a decline in new orders, indicating that the momentum of the U.S. economy is weakening. The preliminary Composite Purchasing Managers' Index (PMI) released by S&P Global fell from 54.2 in November to 53.0 in early December, hitting a six-month low but still above the expansion-contraction line of 50. The data also shows that the growth in new business is at its smallest in nearly 20 months, with new orders for goods experiencing their first decline in a year.