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Report published August 31, 2026

Goldman Sachs GSAI Report: Index Rises to 64.7 in August 2026

Source and citation context

Report date
August 31, 2026
Analysis as of
Not stated in source

Authors / editors: Jessica Rindels (Lead Author), Jan Hatzius (Team Member), Ronnie Walker (Team Member), David Mericle (Team Member), Elsie Peng (Team Member), Abhay Duggirala (Team Member), Alec Phillips (Team Member), Pierfrancesco Mei (Team Member)

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Daily UpdateMacro Economic IndicatorsIndustrialsInformation Technology

The Goldman Sachs Analyst Index rose 1.5 points to 64.7 in August, driven by strong improvements in employment and sales/shipments. Broader business activity trackers showed mixed performance across manufacturing and services, while 100% of covered firms were reported to be deploying AI in their businesses.

Key Takeaways

  • 1.The Goldman Sachs Analyst Index (GSAI) rose 1.5 points to 64.7 in August, driven by substantial gains in employment (+12.5pt to 57.3) and shipments (+5.5pt to 70.1), despite a decline in new orders (-10.7pt to 58.7).
  • 2.Broader business activity surveys presented mixed momentum: the manufacturing survey tracker rose 0.8 points to 56.8, whereas the services tracker fell 1.9 points to 52.6.
  • 3.Philadelphia Fed survey special questions showed heightened price sensitivity among customers; 80% of manufacturing firms anticipating cost changes expect competitors to raise prices.

Table of Contents

  • US Daily: GSAI Rises in August
  • GSAI Rises in August
  • The US Economics Team
  • Disclosure Appendix

Report data

Exhibit 5: Goldman Sachs Analyst Index, August 2026

MetricEstimateContext
Goldman Sachs Analyst Index (GSAI)64.7 index pointsHeadline diffusion index for overall business activity
GSAI Employment Component57.3 index pointsComponent of the GSAI tracking hiring activity
GSAI Shipments Component70.1 index pointsComponent of GSAI measuring sales/shipments
GSAI New Orders Component58.7 index pointsComponent of GSAI measuring incoming new orders
Manufacturing Survey Tracker56.8 index pointsAggregated tracker of manufacturing business activity surveys
Source: Goldman Sachs Global Investment Research. This is a dated model snapshot, not a live forecast.

Reports in this series

US Daily is shown in chronological order through this edition, published on August 31, 2026.

Part of the US Daily series — view all 17 editions

Looking for the latest edition? US Daily August CPI Preview (Sep 8, 2026)

  1. Jun 6US Daily No Fed Cuts This Year
  2. Jun 9US Daily May CPI Preview
  3. Jun 15US Daily: Are College Students Adjusting to AI-Driven Labor Market Shifts
  4. Jun 15US Daily: Are College Students Adjusting to AI-Driven Labor Market Shifts
  5. Jul 23US Daily Would Hikes Help
  6. Jul 24US Daily What the Rebound in Oil Prices Means for Upcoming Inflation Prints
  7. Jul 29US Daily Lowering Our Q2 GDP Growth Forecast
  8. Jul 29US Daily FOMC Recap No Hike and No Guidance
  9. Aug 3US Daily Less Information, More Noise
  10. Aug 6US Daily July Payrolls Preview(1)(1)
  11. Aug 10US Daily July CPI Preview
  12. Aug 25GS Jackson Hole Preview What Will Warsh Say
  13. Aug 27US Daily Friday’s Preliminary Benchmark Revision to Payrolls No Longer Negative

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Authors / Editors

Jessica Rindels · Lead AuthorJan Hatzius · Team MemberRonnie Walker · Team MemberDavid Mericle · Team MemberElsie Peng · Team MemberAbhay Duggirala · Team MemberAlec Phillips · Team MemberPierfrancesco Mei · Team Member

Reported Data Context

  • Goldman Sachs Analyst Index (GSAI): 64.7 index points (August 2026) · Source: Goldman Sachs Global Investment Research
  • GSAI Employment Component: 57.3 index points (August 2026) · Source: Goldman Sachs Global Investment Research
  • GSAI Shipments Component: 70.1 index points (August 2026) · Source: Goldman Sachs Global Investment Research
  • GSAI New Orders Component: 58.7 index points (August 2026) · Source: Goldman Sachs Global Investment Research
  • Manufacturing Survey Tracker: 56.8 index points (August 2026) · Source: Goldman Sachs Global Investment Research

Themes

Macroeconomic Survey Indicators and Business ActivityCorporate Inflation Pass-Through and Price SensitivityEnterprise AI Adoption and Use Cases

Regions

North AmericaUnited States

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