US Composite PMI Increases to 54.5 in July, Exceeding Expectations as Service Sector Gains Momentum
The S&P Global US Composite PMI rose to 54.5 in July, up from 53.6 in June and surpassing the forecast of 53.6, according to data released on July 24, 2025. This figure reflects a robust expansion in private-sector business activity, primarily driven by improved performance in the service sector. The Composite PMI reading indicates a positive outlook for economic growth.
The S&P Global US Composite PMI rose to 54.5 in July, up from 53.6 in June and surpassing the forecast of 53.6, according to data released on July 24, 2025. This figure reflects a robust expansion in private-sector business activity, primarily driven by improved performance in the service sector. The Composite PMI reading indicates a positive outlook for economic growth.
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