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US Business Activity Soars Amid Strong Orders, Positive Sentiment

10/25/2025

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Summary

Story summary

In October 2025, US business activity grew as the S&P Global composite output index rose to 54.8, its highest since July.
The rise was driven by strong orders in manufacturing and services, with new business at its peak this year.
Exports declined while employment growth remained modest amid policy uncertainty and rising input costs.
Output prices rose only slowly, and sentiment stayed positive due to lower interest rates and momentum.

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Story summary

In October 2025, US business activity grew as the S&P Global composite output index rose to 54.8, its highest since July.
The rise was driven by strong orders in manufacturing and services, with new business at its peak this year.
Exports declined while employment growth remained modest amid policy uncertainty and rising input costs.
Output prices rose only slowly, and sentiment stayed positive due to lower interest rates and momentum.