US Business Activity Rebounds: S&P

2026-04-23 13:52 By Joana Taborda 1 min. read

The S&P Global flash US Composite PMI increased to 52 in April 2026, the highest in three months, from 50.3 in March which was the lowest since August 2023.

The reading showed that US business activity growth recovered slightly following the outbreak of war in the Middle East.

However, the overall pace of expansion remained subdued, most notably in the services economy (51.3 vs 49.8) where demand faltered.

New business placed at service providers rose at the slowest rate seen over the past two years, led by an ongoing decline in exports.

While manufacturing output recorded the strongest gain in four years (55.7 vs 53.2), the increase in part reflected stock building in the face of concerns over supply availability and price hikes.

Input cost inflation accelerated and supply delays worsened at a pace not seen since mid-2022, contributing to the largest monthly jump in average selling prices for goods and services since July 2022.

Also, employment rose only marginally.



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