The composite PMI index of the United States fell to 57.6 in October 2026, down from 58.4 in September, marking the lowest level in two months. However, this index remains in the expansion territory and is recognized as the second strongest increase in business activities since March 2022.
Increase in New Orders and Export Sales
Growth in new orders reached its highest level in over four and a half years. Additionally, export sales experienced their largest increase since May 2022. This increase indicates strong demand for American products in international markets.
Read more: Salam Sotoudeh announced the necessity of national solidarity for managing gas consumption
Hiring and Price Pressures
Hiring also remained strong in this context, increasing at the fastest rate since June 2022. Companies increased their workforce to meet demand and manage rising backlogs. Despite this, increasing cost pressures led to a rise in the selling price inflation rate to its highest level since August 2022.
Input costs also rose at the fastest rate since November 2022, except for the increase in September. This trend reflects the economic challenges that companies face, directly impacting the final prices of products.
Business Confidence and Future Outlook
However, business confidence slightly decreased for the coming year, yet it remains the second highest level recorded this year. This indicates that companies, despite challenges, remain hopeful about the future and are seeking new opportunities for growth and development.
Overall, the growth of economic activities in the United States continues positively amid cost pressures and market challenges, indicating the high potential of this economy for future growth.
Read more: A decrease of 33 units in the Baltic Dry Index to 2660 units · Increase in global crude oil transportation rates to over $20
