The US Service Sector Shows Signs of Stagnation, Global PMI Drops to Lowest Level

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February marks a significant turning point in the U.S. economy as S&P’s global PMI indicators continue to show weakly optimistic signals. This is a clear sign that the world’s largest economy is experiencing a broad slowdown across multiple sectors.

U.S. Manufacturing Falls Into Recession

The U.S. manufacturing sector has faced considerable difficulties this month. The S&P global manufacturing PMI dropped to 51.2, the lowest figure in seven months. This number reflects a noticeable decline in manufacturing activity, signaling major challenges ahead for the industrial sector.

U.S. Service Sector Shows Weak Performance

According to Jin10, a similar situation is occurring in the service sector. The S&P global service PMI is currently at 52.3, marking the lowest in the past ten months. The U.S. service industry is clearly showing signs of slowdown, indicating that pressure is not limited to manufacturing but is spreading to other parts of the economy.

Overall Economy Exhibits Widespread Weakness Signals

Looking at the broader picture, the S&P composite global PMI also recorded a preliminary value of 52.3, the lowest in ten months. This data suggests that the slowdown in economic growth is not an isolated phenomenon but a comprehensive trend affecting manufacturing, services, and the economy as a whole, signaling complex economic pressures facing the United States.

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