Public spending cuts stop business activity

Washington. The business activity of the United States stagnated in February in the midst of growing fears on tariffs on imports and deep cuts to federal government spending, erasing all profits noted after the electoral victory of President Donald Trump.

Meanwhile, consumers’ confidence fell to a minimum of 15 months and inflation expectations shot, since homes fear that the president’s plans to impose tariffs would reduce their purchasing power.

The PMI index composed of the United States production of S&P global, which analyzes the manufacturing and services sectors, fell to 50.4 this month, its minimum level in 17 months.