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US Services Sector Growth Accelerates in July as PMI Exceeds Expectations

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FOMOGRAM Editorial Desk
Aug 5, 2026
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US Services Sector Growth Accelerates in July as PMI Exceeds Expectations
EXECUTIVE SUMMARY

The S&P Global Services Purchasing Managers' Index (PMI) for the United States increased to 54.6 in July, surpassing the anticipated figure of 53.6, signaling a more robust expansion in the services sector. This latest data, published by S&P Global, suggests continued economic momentum in the largest segment of the US economy. The PMI data indicates...

The S&P Global Services Purchasing Managers' Index (PMI) for the United States increased to 54.6 in July, surpassing the anticipated figure of 53.6, signaling a more robust expansion in the services sector. This latest data, published by S&P Global, suggests continued economic momentum in the largest segment of the US economy. The PMI data indicates...

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