US Business Activity Hits 3-Month High — But Can Tariffs Stall the Momentum?
The U.S. economy showed renewed strength in October 2025 as the Flash U.S. Composite PMI Output Index rose to 54.8 (from 53.9 in September), marking a 3-month high and signaling one of the fastest rates of expansion this year.
US Business Growth Slows in September, But Inflation Pressures Ease
Early data from S&P Global’s September ‘flash’ Purchasing Managers’ Index (PMI) shows that US business growth is slowing, though the economy continues to expand.