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US private sector growth hits four-year high as services surge

By Iain Gilbert

Date: Friday 21 Aug 2026

(Sharecast News) - US business activity strengthened in August, with S&P Global's flash manufacturing, services and composite PMIs pointing to the fastest pace of private‑sector growth in more than four years.
The composite PMI rose to 56.0 from 54.5, a 52‑month high, driven by a sharp acceleration in the services PMI,...

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