A cook prepares to put breaded chicken cutlets into a fryer at Bub and Pop's on August 19 in Washington, DC. Business activity at private US companies in early August dropped off at some of the sharpest rates seen since the beginning of the pandemic, according to data released on August 23.
Mandatory Credit: Anna Moneymaker/Getty Images
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US business activity falls at its fastest rate since May 2020
Business activity at private US companies in early August dropped off at some of the sharpest rates seen since the beginning of the pandemic as rising interest rates and high inflation crimped consumer spending, according to data released Tuesday.
