US Business Growth Hits 52-Month Highs: It's 'Booming,' Economist Says
S&P Global's flash composite PMI rose to 56.0 in August, the fastest US business growth since April 2022, as services offset a manufacturing slowdown.
US businesses are growing faster than they have in over four years, especially in services like restaurants and banks, even though factories slowed down. When companies are booming, it can mean people feel confident about spending money and the overall economy is doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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