US business activity grew at the fastest rate recorded so far this year in August, according to early ‘flash’ PMI data, adding to signs of a strong third quarter. Growth was seen across both manufacturing and service sectors of the economy. Hiring also picked up. Job creation reached one of the highest rates seen over the past three years as companies reported the largest build-up in uncompleted work since May 2022. Business confidence in the outlook meanwhile improved but remained much weaker than seen at the start of the year as companies reported ongoing concerns over the impact of government policies, especially ... (full story)