--- title: "Services Sector Survey Surge Sparks US Growth Rebound Hopes In August" type: "News" locale: "en" url: "https://longbridge.com/en/news/296627315.md" description: "S&P Global's August Flash PMI data reveals a surge in the US Services sector, with the Business Activity Index rising to 56.8, a 20-month high, while Manufacturing slipped to 53.2. This shift suggests US business is booming, driving third-quarter annualized growth toward 3.0%. Although supply delays and elevated price pressures persist, the services sector is now key to sustaining expansion, underscoring reliance on consumer spending." datetime: "2026-08-21T13:56:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296627315.md) - [en](https://longbridge.com/en/news/296627315.md) - [zh-HK](https://longbridge.com/zh-HK/news/296627315.md) generator: "portal-rs" --- # Services Sector Survey Surge Sparks US Growth Rebound Hopes In August After a relatively ugly series of disappointing macro data - and a hectic week of interventions - preliminary August data from S&P Global's PMI survey was expected to signal a slowdown in growth for the US economy (but still growth). But, the respondents had other things on their mind as while Manufacturing slipped, the Services sector of the economy soared - Flash US Services PMI Business Activity Index: 56.8 (July: 54.6). 20-month high. - Flash US Manufacturing PMI: 53.2 (July: 53.9). 5-month low. **“US business is booming,"** says Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, *"with firms reporting the fastest output growth for over four years so far in the third quarter as the expansion picked up further momentum in August."* The survey data for the third quarter are currently **pointing to annualized growth approaching 3.0%**, up solidly from the 1.5% pace seen in the second quarter. **Jobs growth has also shown a welcome revival in August,** with employers gaining in confidence **as concerns fade over the negative economic impacts of tariffs and the conflict in the Middle East.** However, as Williamson writes, *"the latter in particular remains a key area of concern for businesses, especially via the impact on supply lines and energy prices. "* **Supply delays were again reported** in August to one of the greatest extents seen over the past four years, clearly constraining output in many companies. Price pressures, while fading, also remain elevated and prone to renewed upward pressures should energy prices rise again. **Growth momentum has meanwhile shifted from manufacturing to services between the second and third quarters**. Williamson concludes: *"As reduced safety stock building and supply delays dampen factory production growth, **the service sector is now playing a key role in driving a sustained US expansion**, underscoring a dependency on consumer spending and financial services growth.”* ### Related Stocks - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [SPUU.US](https://longbridge.com/en/quote/SPUU.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SPYU.US](https://longbridge.com/en/quote/SPYU.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SPYQ.US](https://longbridge.com/en/quote/SPYQ.US.md) - [SPYB.US](https://longbridge.com/en/quote/SPYB.US.md) - [SPYM.US](https://longbridge.com/en/quote/SPYM.US.md) ## Related News & Research - [UBS Global Wealth Management lifts S&P 500 year-end target to 8,100](https://longbridge.com/en/news/296597853.md) - [Stocks See Support as Weak US Economic Reports Curb Fed Rate-Hike Expectations](https://longbridge.com/en/news/295946665.md) - [Japan manufacturing expands as orders rise fastest since 2018, PMI shows](https://longbridge.com/en/news/296548978.md) - [As 30-Year Yields Spike to 5.31%, Our Top Chart Strategist Warns There’s a Risk to Stocks: ‘In a Word, Yes’](https://longbridge.com/en/news/296153828.md) - [MGK, JEPI, and SPYM: Why ETF AI Analyst Has an 'Outperform' Rating and Sees 10%+ Upside](https://longbridge.com/en/news/296395161.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**