U.S. business activity accelerates to fastest pace in more than five years

According to ChainCatcher, U.S. business activity growth hit its highest level in more than five years in September, with growing demand and improving business confidence pushing companies to expand output at the fastest pace in more than five years. U.S. economic growth will be around 4% in the third quarter, with growth accelerating further in September. Corporate input cost inflation has risen to the highest level in nearly four years, rising fuel prices have pushed up cost pressures, and corporate sales price increases have further accelerated.