Trump Touts Bloomberg Report of Fastest US Business Growth Since 2022

Trump shares a Bloomberg article showing the S&P Global flash US composite PMI climbed to 56 in August, its highest reading since April 2022, with hiring reviving and price pressures easing.

First Published: August 21, 2026, 1:20 PM ET

WASHINGTON D.C. — Donald Trump promoted a Bloomberg report showing US business activity growing at its fastest pace in more than four years, driven by stronger demand and a wave of hiring.

Here is the full post on truthsocial: “https://www.bloomberg.com/news/articles/2026-08-21/us-business-activity-expands-at-the-fastest-pace-since-2022

Bloomberg US Business Activity Expands at the Fastest Pace Since 2022 By Jeffrey Sparshott August 21, 2026 at 9:45 AM EDT Updated on August 21, 2026 at 10:11 AM EDT” on August 21, 2026 at 5:12 PM ET.

This is Trump’s 31st message released today, and the last post was 49 minutes ago, and it is not part of a thread. On average, Trump produces 18 posts per day since his inauguration on January 20, 2025. The move fits a broader pattern in Trump’s recent messaging, with 16 of his 572 posts over the last 30 days classified as Economy posts.

A screenshot of a Bloomberg news report detailing U.S. business activity is displayed at Washington D.C.

The S&P Global flash US composite purchasing managers index climbed to 56 in August, the highest reading since April 2022, according to bloomberg. Figures above 50 indicate expansion. Trump mentioned the source (see bloomberg). Activity at service providers rose to 56.8, matching the highest level since March 2022, while the manufacturing gauge fell to 53.2, a five-month low that stayed in expansionary territory.

“US business is booming, with firms reporting the fastest output growth for over four years,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement, according to bloomberg. He said jobs growth showed a revival in August as employers gained confidence and concerns faded over the economic impact of tariffs and the conflict in the Middle East.

Businesses added workers at the fastest clip since January 2025, with hiring picking up at both manufacturers and service providers, according to bloomberg. Input costs expanded at the slowest pace since the start of the conflict in the Middle East, and a measure of future output climbed to a nine-month high. The conflict “remains a key area of concern for businesses, especially via the impact on supply lines and energy prices,” Williamson said.