S&P Global PMI Report Shows Strong U.S. Business Activity Alongside Fast-Rising Prices
Mitchell Hartman reported that the October S&P Global Market Intelligence Purchasing Managers Index indicates U.S. business activity remains near a five-year high, driven largely by AI boosting manufacturing and construction, though prices charged for goods and services are rising at their fastest rate in four years.
personChris WilliamsonpersonKathy BusjancicpersonDan NorthpersonMitchell HartmancompanyS&P Global Market IntelligencecompanyNationwidecompanyAllianz Trade
The tape
1 quote
“We've got prices charged for goods and services rising at the fastest rate for four years, well above the Fed's target.”
Mitchell Harmon
Heard on Marketplace — “Your 401(k) is probably invested in AI”, published Friday, October 23, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.