U.S. growth momentum accelerated in August, according to figures cited by BlockBeats. The S&P Global U.S. Composite PMI rose 1.5 points to 56.0, its highest reading since April 2022, marking a third straight month of expansion. Within that, the services PMI increased 2.2 points to 56.8, the strongest level since March 2022, while the manufacturing PMI slipped 0.7 points to 53.9, its lowest in five months, though it remained in expansion territory. Hiring also picked up, led by the services sector, with companies adding staff at the fastest pace since January 2025. The data points to an annualized U.S. GDP growth rate of +3.0% in the third quarter of 2026, up from +1.5% in the second quarter. The report said artificial intelligence is driving what it described as a historic wave of growth.
U.S. economic growth picked up in August, based on data BlockBeats cited on Aug. 23.
The S&P Global U.S. Composite PMI jumped 1.5 points to 56.0 in August. That was the highest reading since April 2022, and it marked a third straight monthly increase.
The services PMI gained 2.2 points to 56.8, its best level since March 2022. Manufacturing went the other way, slipping 0.7 points to 53.9, the weakest reading in the past five months. But it still remained in expansion territory.
As for hiring, U.S. companies added headcount at the fastest pace since January 2025, with services driving the increase.
The numbers point to annual U.S. GDP growth in the third quarter of 2026 reaching +3.0%, versus +1.5% in the second quarter. The report said artificial intelligence is driving a historic growth wave.
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