Economic Buzz: US composite PMI up in July

The United States Composite PMI Output Index clocked in at 54.5 in July, increasing from June's 51.9, S&P Global shared in its final report on Wednesday. This is the highest reading since October 2025. Meanwhile, the country's Services PMI Business Activity Index came in at 54.6 in the reported month, up by 3.4 points from June and above the flash estimate of 53.6.

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