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US business activity reaches highest level since 2022

Stronger demand and hiring in the service sector offset cooling factory output
Business activity expanded at its fastest pace since April 2022 in August, driven by stronger demand in the service sector, according to S&P Global. (Getty Images)
Business activity expanded at its fastest pace since April 2022 in August, driven by stronger demand in the service sector, according to S&P Global. (Getty Images)
CoStar News
August 21, 2026 | 7:20 P.M.

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The U.S. economy gained momentum in August, with a rebounding service sector helping business activity expand at its fastest pace since April 2022.

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