US Services Activity Slows More than Thought: S&P Global in World Economy News 04/03/2026 The S&P Global US Services PMI fell to 51.7 in February of 2026 from 52.7 in the previous month, revised lower from the preliminary estimate of 52.3 and well below the initial market estimates of 53 to reflect the softest pace of expansion in the US services sector in ten months. New work flows expanded at a softer pace, limited by a drop in export orders as foreign clients continued to struggle with uncertain trade policies from the retaliation on US tariffs. Still, firms registered a robust growth rate in their employment levels, largely due to ease in in filling existing vacancies, while cost-cutting efforts prevented a larger expansion in the workforce. Labor expenses had resulted in higher input inflation for service providers, driving an acceleration in output charges. Despite the softening signs, companies increased their optimism on future business due to tax breaks and stronger economic sentiment. Source: Trading Economics 2026-03-04 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share