US business activity growth slows in February, S&P Global says

NodeGuardian · 2026-03-02T01:20:24+00:00

U.S. business activity grew at the slowest rate in 10 months in February, with S&P Global's Composite PMI dropping to 52.3. This slowdown resulted from reduced factory orders, weakened service growth, and stagnant employment, indicating a cooling economy with a projected GDP rise of 1.5%.

NodeGuardian

2026-03-02 01:20:24

Abstract generation in progress

U.S. business activity expanded at the slowest rate in 10 months in February, according to S&P Global’s flash Composite PMI Output Index, which fell to 52.3 from 53.0 in January. This deceleration was attributed to receding orders at factories, slackened growth for services firms, and stagnating employment across sectors. S&P Global’s chief business economist, Chris Williamson, suggested this data indicates a significant cooling of the economy in the first quarter, with GDP rising at an annualized rate of merely 1.5%.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.