According to the report, U.S. business activity continues to expand at near five-year high levels, indicating sustained economic momentum. However, persistent cost pressures remain a factor, prompting companies to raise selling prices and passing higher costs onto consumers. These overall findings align closely with broader economic indicators and reports.
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S&P Global Flash US PMI: Business activity holds close to five-year high
Flash US Composite PMI Output Index dropped slightly to 57.6 in October, marking a two-month low while remaining in robust growth territory.
US business activity expansion stayed close to five-year highs, supported by strong domestic demand, robust employment growth, and an uptick in export orders.
Cost pressures intensified due to rising oil prices, energy costs, and material shortages, leading supplier delivery times to lengthen significantly.
Selling prices across goods and services increased at their sharpest rate since August 2022, signaling continued consumer price inflation.
S&P Global Market Intelligence. (2026, October 23). S&P Global Flash US PMI: Business activity holds close to five-year high, but selling prices rise at sharpest rate since August 2022.
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