U.S. manufacturing showed signs of renewed strength in August, driven by rising new orders and accelerated production. According to new data from S&P Global, the U.S. Manufacturing Purchasing Managers’ Index (PMI) surged to 53.0, marking the highest reading since mid-2021 and a sharp rebound from July’s 49.8.
The United States and the European Union announced that a deal has been reached, demonstrating their commitment to "fair, balanced, and mutually beneficial trade and investment."