US Business Activity Expands, Prices Surge by Most Since 2022
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US Business Activity Expands, Prices Surge by Most Since 2022
A worker feeds wood components for tables into a table saw at a factory in Jeffersonville, Indiana. (Bloomberg)
Jeffrey Sparshott - Fri, 23 October 2026 at 4:45 pm EEST - 2 min read
(Bloomberg) -- US business activity grew at a slightly slower pace in October but remained close to a multi-year high as robust demand pushed new orders, employment and prices higher.
Key Takeaways:
- The S&P Global flash composite index fell 0.8 point to 57.6 in October, the second-highest reading since 2022.
- A gauge of selling prices rose at the fastest pace in more than four years.
- Bottlenecks are getting worse, with supplier delivery times lengthening the most since 2022.
- US businesses are enjoying their strongest period of growth since 2015, driven by strong consumer spending, AI-fueled investment, and defense outlays.
- Investment in AI and related technologies is expected to support demand and the broader economy next year.