PMIs
US Flash PMIs Indicate Resilient Growth and Easing Input Costs
22 Aug 2026 13:45 GMT
August Flash PMI data for the United States indicates continued expansion in the services sector, albeit at a slightly moderated pace, while manufacturing activity fell to an eight-month low. Critically for the inflation outlook, the rate of input price growth slowed, providing the Federal Reserve with additional evidence that inflationary pressures are normalizing.
Why it matters
The resilience of the services sector continues to distinguish the U.S. economic outlook from that of the Eurozone and the UK, providing a floor for the dollar despite the dovish shift in central bank rhetoric.