(Bloomberg) -- US business activity expanded at the fastest pace in eight months as strong domestic demand for services offset cooling factory production, growing supply chain delays and rising costs. Most Read from BloombergThe S&P Global flash composite purchasing managers index rose to 53.6 in July, according to data released Friday. Activity at service providers climbed to 53.6, the highest since November 2025, as World Cup and July 4th celebrations boosted demand in hospitality and other service industries. Despite challenges, overall growth in activity boosted business confidence and prompted companies to resume hiring. Most Read from Bloomberg Businessweek©2026 Bloomberg L.P.