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U.S. business activity hits five-year high in September

By Drooid · Sep 24, 2026, 2:56 AM UTC · How we work

Summary

Story summary

U.S. business activity surged to a five-year high in September, according to S&P Global’s flash Composite PMI.
The flash Composite PMI Output Index rose to 58.4, its highest level since July 2021.
Overall employment grew at its fastest pace since June 2022.
The Federal Reserve raised its benchmark overnight rate by 25 basis points to a 3.75%-4.00% range and signaled further hikes.

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Story summary

U.S. business activity surged to a five-year high in September, according to S&P Global’s flash Composite PMI.
The flash Composite PMI Output Index rose to 58.4, its highest level since July 2021.
Overall employment grew at its fastest pace since June 2022.
The Federal Reserve raised its benchmark overnight rate by 25 basis points to a 3.75%-4.00% range and signaled further hikes.