U.S. Business Activity Rises Despite Trade Tensions and Export Slump

The S&P Global Composite PMI rose to 54.8 in October, signaling expansion in both manufacturing and services sectors. However, economic sentiment remains fragile due to protectionist trade policies and a sharp decline in exports. Companies report stockpiles of unsold goods and cautious hiring.

Analysts warn that while domestic activity is rebounding, global uncertainty—especially with China—could dampen long-term growth. The Trump administration’s proposed export restrictions have added volatility to tech and manufacturing markets.