International Economic

US composite PMI at 17-month low as services sector contracts

By Benjamin Chiou

Date: Friday 21 Feb 2025

(Sharecast News) - Economic growth in the US private sector slowed to its lowest level in 17 months in February, as a pick-up in manufacturing output was offset by a renewed contraction in the services industry.
The S&P Global US composite purchasing managers' index (PMI) sank to just 50.4 this month,...

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