Business activity in the United States surged in November to its highest level in nearly three years, bolstered by rising demand, easing inflation, and growing optimism about the incoming administration’s pro-business policies, according to the latest S&P Global Flash PMI and University of Michigan Consumer Sentiment surveys, released on Nov. 22.
S&P Global’s survey, which tracks activity across America’s manufacturing and services sectors, climbed to 55.3 in November from 54.1 in October, marking the fastest expansion since April 2022.
