The U.S. Manufacturing PMI hit a 39-month high in August, and the composite PMI hit an 8-month high

In August, the U.S. Manufacturing PMI was reported at 53.3, representing a significant increase over the past three years, indicating growth in the sector.

While the Composite PMI stands at an 8-month high of 55.4, the services sector experienced a slight dip, registering a two-month low of 55.4.