empty
 
 

2026.08.2113:55:45UTC+00US Services Activity Rises Most in 20 Months

The S&P Global US Services PMI climbed to 56.8 in August 2026 from 54.6 in July, significantly beating market expectations for a decline to 54 and marking the strongest expansion in services activity since December 2024. New business increased sharply, expanding firms’ backlogs as clients sought to compensate for order weakness earlier in the year, when the outbreak of war in the Middle East weighed on demand in the second quarter.

In line with stronger activity, staffing levels rose solidly. Input costs continued to increase at a marked pace, though cost inflation eased slightly from July’s 14‑month high. Nonetheless, the rate of output charge inflation slowed to a six‑month low. Looking ahead, business confidence strengthened for a third consecutive month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback