US Edition
US Business Activity Grows at Fastest Pace This Year on Services
4 Articles
4 Articles
US Economy Expands at Fastest Pace This Year, but Factories Slide Into Contraction
The U.S. economy accelerated in July at its fastest pace so far in 2025, according to a closely watched purchasing managers’ survey released on July 24, which showed surging demand for services—even as factory activity slipped back into contraction. S&P Global’s flash U.S. Composite PMI Output Index climbed to 54.6 this month from 52.9 in June, signaling the strongest overall growth in seven months and extending a 30‑month run of expansion. The …
U.S. business picked up in July, but firms called for higher prices for goods and services, supporting economists' view that inflation will accelerate in the second half of the year due to import tariffs. The US-composed S&P Global PMI production index, which tracks manufacturing and services sectors, rose to 54.6 points this month, the highest level since December last year. A reading above 50 points indicates expansion in the private sector.
According to the Purchasing Managers' Index, US economic activity picked up in July. However, industrial activity declined.
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