Artificial Intelligence is driving accelerated economic growth in the United States, with the S&P US Composite PMI expanding for the third consecutive month.

BlockBeats News, August 23rd, the momentum of the U.S. economic growth is accelerating. The IHS Markit U.S. Composite PMI rose by 1.5 points in August to 56.0, the highest level since April 2022, marking the third consecutive month of expansion. Meanwhile, the Services PMI rose by 2.2 points to 56.8, the highest level since March 2022. The Manufacturing PMI fell by 0.7 points to 53.9, the lowest level in the past 5 months but still indicating expansion.

At the same time, recruitment activities across U.S. businesses, led by the services sector, increased staff numbers at the fastest rate since January 2025. These data suggest that the U.S. GDP growth rate for Q3 2026 will reach +3.0%, compared to +1.5% in Q2. Artificial intelligence is driving a historic surge in growth.