PMI Indicates Strong Economic Growth in the US in Q3

BlockBeats News, August 5th, Standard & Poor's Global Chief Business Economist stated that in July, strong growth in U.S. service sector business activity helped offset the slowdown in manufacturing, indicating a strong start to economic growth in the third quarter, which is encouraging.

Although the average GDP growth rate in the first half of 2025 was 1.25%, the July PMI shows that the economic growth rate will double to around 2.5%. (FX678)