PMI indicates strong economic growth in the U.S. at the beginning of the third quarter

BlockBeats reports that on August 5, the Chief Business Economist of S&P Global stated that the strong growth in business activity in the U.S. services sector in July helped offset the slowdown in manufacturing, indicating strong economic growth at the beginning of the third quarter, which is encouraging.

Although the average GDP growth rate in the first half of 2025 was 1.25%, the PMI for July shows that economic growth will double, reaching around 2.5%. (Jin Ten)