États-Unis PMI non industrielles

The ISM Services PMI unexpectedly increased to 53.5 in February 2025 from 52.8 in January, beating forecasts of 52.6. The reading pointed to a faster growth in the services sector, with business activity (54.4 vs 54.5), new orders (52.2 vs 51.3), employment (53.9 vs 52.3) and supplier deliveries (53.4 vs 53) expanding for the third month in a row, the first time it happens since May 2022. Inventories (50.6 vs 47.5) and backlog of orders (51.7 vs 44.8) also rebounded while price pressures intensified (62.6 vs 60.4). "Slightly slower growth in the Business Activity Index was more than offset by growth in the other three subindexes. Anxiety continues; however, over the potential impact of tariffs. Some respondents indicated that federal spending cuts are having negative impacts on their business forecasts”, Steve Miller, Chair of the ISM said.