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US Business Activity Hits 8-Month High; Services PMI Peaks

7/25/2026

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Story summary
  • U.S. business activity reached an eight-month high in July as the flash composite PMI rose to 53.6.
  • Services PMI rose to 53.6, highest since November 2025, while manufacturing PMI fell to 53.8, lowest since March.
  • Supplier delivery times lengthened to the pace since August 2022, while inflation hit its strongest level since May 2025.
  • Brent crude rose 36% to $96.62 per barrel while companies resumed hiring, raising employment in three months.