The latest nowcasts for US economic activity continue to point to a moderate downshift for the third quarter, based on the median for a set of estimates compiled by CapitalSpectator.com. Recession risk remains low, based on today’s update, but growth is still on track to ease substantially relative to the strong gain reported for Q2.
Daily Archives: August 22, 2025
Macro Briefing: 22 August 2025
US business activity accelerated in August, growing at the fastest rate of the year, according to the Composite PMI Output Index, a survey-based GDP proxy. “A strong flash PMI reading for August adds to signs that US businesses have enjoyed a strong third quarter so far,” says Chris Williamson, chief business economist at S&P Global Market Intelligence.
