- Prior estimate 52.3. Prior month 53.0
- S&P global composite index 51.9
- S&P Global services PMI final 51.7 versus 52.3 preliminary and 52.7 last
Details from S&P Global
Overall Activity
-
Five of seven US sectors expanded in February, down from six sectors expanding in January.
-
Consumer Services returned to contraction, weighing on the overall sector performance.
-
Heavy snowfall impacted travel, tourism, and leisure, contributing to the Consumer Services decline.
-
Overall Output Index rose to 54.5 (from 51.5), signaling stronger and accelerating business activity.
-
February growth exceeded the 2025 average of 52.3, indicating a stronger pace of expansion.
Healthcare
-
Fastest-growing sector in February, the first time since September 2024.
-
Activity growth accelerated sharply compared to January.
Industrials
-
Solid expansion in activity, outperforming several sectors.
-
Growth slowed slightly from recent months and was the weakest in four months, but still near long-term trend levels.
Consumer Goods
-
Output growth slowed notably, the largest deceleration since January.
-
Output index fell to the lowest level since September 2025.
Financials
Technology
Consumer Services
-
Activity declined, one of the fastest contractions since late-2023.
-
Weakness partly attributed to severe winter weather affecting travel and leisure activity.
Basic Materials
-
Output declined slightly, continuing the downturn that began in December 2025.
-
However, the contraction was the smallest since the decline started, suggesting some stabilization.
US Sector PMI® indices are compiled from responses
to questionnaires sent to purchasing managers in S&P
Global’s US manufacturing and services PMI survey panels,
covering over 1,000 private sector companies. Indices
are available for the basic materials, consumer goods,
consumer services, financials, healthcare, industrials and
technology sectors.
