US Private Sector Activity Rises Faster

2026-06-23 13:55 By Andre Joaquim 1 min. read

The S&P Global US Composite PMI rose to 52.2 in June of 2026 from 51.5 in the previous month, reflecting the sharpest pace of growth in the US private economic activity since January, according to a preliminary estimate.

The expansion was supported by the largest growth in the manufacturing output in six years (57.7 vs 56.6 in May) and a sharper increase in services activity (51.3 vs 50.7).

Total new orders grew, with those for services likely supported by the start of the Fifa World Cup, and manufacturing orders remaining attributable to clients front-running contracts before the war in the Middle East causes further supply disruptions.

This was aligned with larger magnitude of supply chain delays in the period, driving prices to continue increasing at last month's pace.

In turn, employment fell for a second month as companies attempted to cut costs.

Looking ahead, firms' confidence was recorded at the highest since February.



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US Private Sector Activity Rises Faster
The S&P Global US Composite PMI rose to 52.2 in June of 2026 from 51.5 in the previous month, reflecting the sharpest pace of growth in the US private economic activity since January, according to a preliminary estimate. The expansion was supported by the largest growth in the manufacturing output in six years (57.7 vs 56.6 in May) and a sharper increase in services activity (51.3 vs 50.7). Total new orders grew, with those for services likely supported by the start of the Fifa World Cup, and manufacturing orders remaining attributable to clients front-running contracts before the war in the Middle East causes further supply disruptions. This was aligned with larger magnitude of supply chain delays in the period, driving prices to continue increasing at last month's pace. In turn, employment fell for a second month as companies attempted to cut costs. Looking ahead, firms' confidence was recorded at the highest since February.
2026-06-23
US Private Sector Growth Softens in May
The S&P Global US Composite PMI stood at 51.5 in May 2026, down slightly from 51.7 in April, signaling a modest expansion in private sector activity. Growth in new business remained subdued, while performance varied across sectors, with stronger manufacturing activity partly offset by softer conditions in services. Employment declined at the fastest pace in six years, pointing to a weakening labor market. Business confidence also deteriorated, falling to its lowest level in 13 months. Meanwhile, inflationary pressures remained elevated, with input costs rising at the strongest pace in a year. Firms also increased selling prices more sharply, indicating that higher costs continued to be passed on to customers.
2026-06-03
US Private Sector Growth Steady in May
The S&P Global US Composite PMI came in at 51.7 in May 2026, the same as in April, continuing to point to resilient private sector activity although the rate remained more moderate than early in the year, preliminary estimates showed. Improved performance in manufacturing (55.3, the highest in 48 months vs 54.5) was countered by a sluggish service sector (50.9 vs 51). However, factory growth was again in part supported by temporary stock building and both sectors reported that order book growth had been somewhat subdued by the ongoing war in the Middle East, most notably in terms of export sales. Surging input costs, which jumped at the steepest rate since late-2022 on the back of rising war-related supply constraints and steep energy cost increases, were not only cited as causing lower sales but also contributed to steepening job losses and a further rise in selling price inflation to its highest since August 2022.
2026-05-21