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USA: composite PMI estimated at 51.4 in February

( - The US private sector saw its activity growth slow in February, according to S&P Global, whose composite PMI index came in at 51.
4 in flash estimation, after reaching 52 the previous month, its highest level since July 2023.

For the record, it is the 50 threshold that separates expansion and contraction in a sector's activity for PMI indices: the higher the index is above this threshold, the faster the pace of expansion.

'Cost pressures eased further, but growth momentum in the services sector weakened', explains S&P Global, while manufacturing output returned to growth.

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