AI Data Insight
Latest data shows the US ISM Services Business Activity Index climbed significantly from the prior reading of 57.4 to 59.9 in February, marking the strongest performance since September 2024 and driving the overall PMI up to 56.1. Benefiting from a significant rebound in New Orders (58.6) and Export Orders, the services sector shook off the tariff gloom from the beginning of the year and demonstrated strong recovery momentum; however, the Prices Index remains at elevated levels, making inflation stickiness a key focus for future observation.