US business activity picks up in August, factories lead the way, survey says
Published on: Aug. 21, 2025, 7:52 p.m. | Source: Economic Times
U.S. business activity accelerated in August, driven by a robust manufacturing sector experiencing its strongest order growth in 18 months. The Composite PMI Output Index reached its highest level since December, signaling a potential 2.5% annualized economic expansion. However, businesses reported rising input prices, attributing the increase to tariffs, and are passing these costs onto consumers.
