S&P Global composite PMI final 51.9 versus 52.3 preliminary

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Prior estimate 52.3. Prior month 53.0S&P global composite index 51.9S&P Global services PMI final 51.7 versus 52.3 preliminary and 52.7 lastDetails from S&P GlobalOverall ActivityFive 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.HealthcareFastest-growing sector in February, the first time since September 2024.Activity growth accelerated sharply compared to January.IndustrialsSolid 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 GoodsOutput growth slowed notably, the largest deceleration since January.Output index fell to the lowest level since September 2025.FinancialsGrowth slowed, marking the joint-slowest pace of expansion since April 2025.TechnologyExpansion continued but at a slower pace compared with prior months.Consumer ServicesActivity declined, one of the fastest contractions since late-2023.Weakness partly attributed to severe winter weather affecting travel and leisure activity.Basic MaterialsOutput 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 responsesto questionnaires sent to purchasing managers in S&PGlobal's US manufacturing and services PMI survey panels,covering over 1,000 private sector companies. Indicesare available for the basic materials, consumer goods,consumer services, financials, healthcare, industrials andtechnology sectors. This article was written by Greg Michalowski at investinglive.com.