AI Data Insight
The US Markit Flash Composite PMI for Q3 (August) 2026 reached 56.0, climbing significantly from the previous figure of 53.6 and beating market expectations of 54.0 to hit a 52-month high. This expansion was primarily driven by a strong recovery in the service sector, effectively offsetting the slowdown in manufacturing caused by inventory destocking and supply chain delays. As price pressures continue to cool and employment growth accelerates, overall business confidence has risen to a nine-month high, signaling that US economic momentum remains resilient.