The S&P Global US Composite PMI came in at 56 in August 2026, unrevised from the preliminary estimate and above July's reading of 54.5. The data showed that private-sector growth accelerated for the third month in a row, reaching its highest level in 52 months. Services activity strengthened significantly, while manufacturing continued to expand, albeit at a slower pace. Six of the seven US sectors expanded in August, led by Financials, Consumer Services and Technology. New orders increased at their fastest rate in 20 months. Employment growth also accelerated, reaching a 19-month high. Meanwhile, price pressures eased. Input-cost inflation fell to its lowest level since April 2025, while selling-price inflation slowed to a nine-month low. Business confidence, however, remained broadly unchanged from July. source: S&P Global

Composite PMI in the United States increased to 56 points in August from 54.50 points in July of 2026. Composite PMI in the United States averaged 53.69 points from 2013 until 2026, reaching an all time high of 68.70 points in May of 2021 and a record low of 27.00 points in April of 2020. This page provides the latest reported value for - United States Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Composite PMI in the United States increased to 56 points in August from 54.50 points in July of 2026. Composite PMI in the United States is expected to be 55.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Composite PMI is projected to trend around 53.00 points in 2027, according to our econometric models.



United States Composite PMI
In the United States, the S&P Global Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across both manufacturing and service sectors. The index is based on data collected from a representative panel of over 800 companies and follows variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity while below 50 points to contraction. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
US Private Sector Activity Growth Confirmed at 52-Month High
The S&P Global US Composite PMI came in at 56 in August 2026, unrevised from the preliminary estimate and above July's reading of 54.5. The data showed that private-sector growth accelerated for the third month in a row, reaching its highest level in 52 months. Services activity strengthened significantly, while manufacturing continued to expand, albeit at a slower pace. Six of the seven US sectors expanded in August, led by Financials, Consumer Services and Technology. New orders increased at their fastest rate in 20 months. Employment growth also accelerated, reaching a 19-month high. Meanwhile, price pressures eased. Input-cost inflation fell to its lowest level since April 2025, while selling-price inflation slowed to a nine-month low. Business confidence, however, remained broadly unchanged from July.
2026-09-03
US Business Growth Hits 52-Month High in August
The US flash S&P Global Composite PMI rose to 56 in August 2026 from 54.5 in July, marking the strongest expansion since April 2022. The improvement was driven primarily by a revival in the services sector, where activity reached its fastest pace since December 2024 and more than offset a slowdown in manufacturing growth. Goods production recorded its weakest increase in 13 months, partly reflecting reduced inventory building and supply disruptions. Delivery times also lengthened significantly, contributing to a further accumulation of outstanding orders across both sectors. Stronger demand encouraged companies to increase hiring, with employment growing at its fastest pace since early 2025. Business confidence also improved, with expectations for future activity reaching a nine-month high. Meanwhile, price pressures showed some moderation, particularly in selling prices, although input costs remained elevated, largely due to higher energy prices.
2026-08-21
US Private Sector Growth Hits Nine-Month High in July
The S&P Global US Composite PMI rose to 54.5 in July 2026 from 51.9 in June, exceeding both the preliminary estimate of 53.6 and marking the strongest expansion in private sector activity since October 2025. The improvement was driven by faster growth in the services sector, while manufacturing output continued to expand at a solid pace. New business increased at the fastest rate in 19 months, business confidence climbed to its highest level since last November, and private sector employment returned to growth for the first time since April. On the price front, input cost inflation accelerated to its highest level since November 2022, pushing output price inflation to a one-year high.
2026-08-05