FX.co ★ S&P Global Services PMI Surges in July, Topping Expectations

The United States' service sector displayed robust growth in July 2025, as the S&P Global Services PMI rose sharply from 52.9 in June to a solid 55.2, data updated on July 24, 2025, reveals. This surge underscores the resilience of the service sector, demonstrating strength beyond market expectations.

The PMI, which had previously hovered at 52.9, indicated expansion, but the recent increase to 55.2 suggests a more accelerated pace of growth. This uptick reflects strong business activity and heightened demand in the service industries, which constitute a substantial portion of the U.S. economy.

Analysts interpret this positive shift as a sign of sustained economic momentum, buoyed by consumer optimism and increased spending in key service areas. With the service sector being a vital component of the economic framework, this increase in PMI could potentially signal broader economic resilience in the face of diverse global challenges.