# US Economy Booms with Growth and Inflation

> US economy shows rapid growth and high inflation in October PMI data.
- Title: US Economy Booms with Growth and Inflation · Seekingalpha
- Summary: US economy shows rapid growth and high inflation in October PMI data. October US PMI data shows manufacturing and services sectors growing rapidly while…
- Keywords: manufacturing pmi, services pmi, inflation, economy, gdp, money, business, Booms, Growth, Seekingalpha
- Source: Seekingalpha — https://seekingalpha.com/article/4957086-aipocalypse-not-now-economy-running-hot-lots-of-growth-lots-of-inflation
- Author: Wolf Richter
- Published: 2026-10-23T19:20:00+00:00
- Read time: 1 min
- Topics: us, manufacturing pmi, services pmi, inflation, economy, gdp, money, business
## October US Manufacturing PMI
The flash Manufacturing PMI for manufacturers in the US rose to 56.0 in October, the fastest rate of growth since May 2022.
## October US Services PMI
The flash Services PMI Business Activity Index, at 57.9 for October, was the second-highest growth rate in nearly five years, behind only September.
## Economy Running Hot
Lots of economic growth and lots of inflation, that’s what the PMIs for October reflect - and that’s the definition of an economy that is "running hot."

> the us economy continues to boom at the start of the fourth quarter. the output readings from the survey are consistent with gdp
## Key takeaway

October US PMI data shows manufacturing and services sectors growing rapidly while inflation rises, indicating an economy running hot.