U.S. Services Sector Stalls While Manufacturing Shows Resilience in February

The S&P Global February PMI data revealed a mixed economic picture for the United States, with the services sector contracting while manufacturing showed modest growth. The Services PMI dropped to 49.7, its lowest level in over two years, from 52.9 in January, signaling contraction for the first time since late 2022. Meanwhile, the Manufacturing PMI […]