In August, US business activity expanded at the fastest rate since the beginning of last year. With the rapid growth of manufacturing industry spreading to service providers, the scope of recovery is expanding. IHS Markit said on Friday that the initial number of integrated purchasing managers increased by 4.4 points to a peak of 54.7 in 18 months. Higher than 50 indicates the expansion of economic activity, which is nearly 28% higher than the lowest point in the epidemic period set in April. Despite the faster growth in the US, data show that growth in the euro zone is slowing and activity in Japan and Australia is also declining. < p > < p > IHS Markit’s composite index of U.S. orders and employment shows that the expansion speed is accelerated and the export growth is rapid. The index of orders rose to its highest level since October 2009, indicating further growth in economic output in the coming months and helping to explain the increase in recruitment. “August data suggest that private sector economic activity will further improve as demand from manufacturers and service providers picks up,” Ian Jones, economist at IHS Markit, said in a statement. After five months of decline, it is welcome news that sales of service companies are growing again < / P > < p > IHS Markit’s manufacturing PMI rose to 53.6 this month, exceeding expectations and the highest level since January 2019, with the service sector index rising to 54.8. This is the first expansion of the services sector since January.