Services Sector Contraction In March Screams Q1 Stagflation Following S&P Global’s Manufacturing PMI’s better than expected print higher (signaling resilience in the face of March’s war in Iran), the data released this morning showed the US Services Sector experienced a contraction of activity at the end of the first quarter of 2026. The headline S&P Global US Services PMI Business Activity Index recorded 49.8 in March, down from February’s 51.7 and lower than the earlier ‘flash’ estimate of 51.1. It was the first decline recorded in over three years amid the weakest rise in new work since April 2024. “The… — Continue at ZeroHedge News : Read More
