FX.co ★ U.S. S&P Global Services PMI Eases to 51.7 in February, Signaling Slower Expansion

The U.S. services sector lost some momentum in February, with the S&P Global Services PMI slipping to 51.7 from the previous reading of 52.7. Both the prior and current figures relate to February 2026, with the latest data update published on 4 March 2026.

While the index remains above the 50-point threshold that separates expansion from contraction, the one-point decline suggests a moderation in growth across the services economy. This cooling pace may indicate that demand conditions are becoming more cautious, even as the sector continues to expand. Investors and policymakers will be watching upcoming releases closely for signs of whether this softer trend stabilizes or deepens in the months ahead.