FX.co ★ U.S. Services Momentum Strengthens as S&P Global PMI Rises to 53.6 in July

The U.S. services sector showed a firmer pace of expansion in July 2026, with the S&P Global Services PMI climbing to 53.6 from 51.2 in June. The latest reading, updated on 24 July 2026, signals an acceleration in activity across the country’s dominant services industry.

June’s PMI level of 51.2 had already indicated modest growth, as any reading above 50 marks expansion. The move to 53.6 in July suggests improving business conditions, pointing to stronger demand and potentially rising output in areas such as finance, professional services, retail, and hospitality.

The pickup in the services PMI for July 2026 will be closely watched by markets and policymakers as a timely indicator of the broader economic climate in the United States, given the sector’s central role in overall GDP and employment.