US Services Activity Unexpectedly Slows: S&P Global

2026-02-20 14:58 By Andre Joaquim 1 min. read

The S&P Global US Services PMI fell to 52.3 in February of 2026 from 52.7 in the previous month, missing expectations that it would increase to 53 to reflect the softest expansion in the US services activity in 10 months, according to a flash estimate.

New work flows in the sector was sustained at a softer pace, pressured by a drop in export orders.

The sluggish momentum in client demand drove firms to slow their marginal hiring rate.

In the meantime, selling charges for services providers rose to a seven-month high to match their highest level in over three years, with input cost inflation remaining elevated but below recent peaks.

Looking forward, companies remained optimistic that the end of a harsh winter and lower interest rates and tax breaks would support business activity in the upcoming year.



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