S&P Global announced its final US Services Purchasing Managers' Index (PMI) for December showed weakening business activity growth. The expansion was the slowest recorded since April 2025, signaling a potential cooling in the services sector.
The report detailed that slower growth stemmed from the weakest increase in new business in over a year and a half. This softening in demand was the primary influence.
Service providers reported a weaker outlook due to the reduced demand. This trend also led to a stagnation in employment volumes for the month.