AI Data Insight
At the beginning of Q3 2026 (July), the US S&P Global Composite PMI climbed to 54.5, significantly higher than the previous value of 51.9 and market consensus, marking the strongest expansion since October 2025. This wave of growth was primarily driven by the service sector; however, supply chain bottlenecks triggered by the Middle East conflict also pushed input cost inflation to a new high in over three years, bringing new tests to future growth momentum and monetary policy.