The U.S. S&P Global Composite PMI rose to 53.6 in July 2026, up from 51.9 in June 2026, signaling a strengthening expansion in private sector activity. The latest reading, updated on 24 July 2026, indicates that overall business conditions in the combined manufacturing and services sectors improved at a faster pace compared with the previous month.
The move from 51.9 to 53.6 keeps the index comfortably above the 50-point threshold that separates expansion from contraction. This acceleration suggests that momentum in the U.S. economy picked up in July, with firms reporting stronger output and activity relative to June.
The July increase in the Composite PMI will be closely watched by investors and policymakers as a timely gauge of U.S. economic health, offering an early signal that growth dynamics may be firming in the third quarter of 2026.
