PMI indicates strong economic growth in the United States at the beginning of the third quarter

According to BlockBeats, on August 5th, S&P's Chief Business Economist stated that the strong growth in US service sector business activity in July helped offset the slowdown in manufacturing, indicating encouraging economic growth at the beginning of the third quarter. Although the average GDP growth rate in the first half of 2025 is 1.25%, the PMI for July shows that the economic growth rate will double to around 2.5%. (Golden Ten)