美国2月综合PMI降至52.3创10个月新低 一季度GDP增速或仅1.5% 经济显著降温

Core Viewpoint - US business activity continued to expand in February, but the pace of expansion has slowed to the lowest level in nearly 10 months, indicating signs of economic cooling [1][2] Group 1: PMI Data - The US Composite PMI output index fell to 52.3 in February, down 0.7 percentage points from January, marking the lowest level since April of the previous year [1] - The Services PMI decreased to 52.3, down from 52.7 in January, while the Manufacturing PMI dropped to 51.2, reaching a seven-month low, with both indicators missing market expectations [1] - The PMI data suggests that the annualized GDP growth rate for the US may be only about 1.5% this year, indicating a significant cooling in the economy compared to the stronger growth seen in the second half of last year [1] Group 2: Economic Indicators - Manufacturing new orders declined for the second time in the past three months, reflecting continued pressure on the demand side [2] - Employment indices for both manufacturing and services fell to 50.2, close to the neutral line, indicating a near halt in hiring activity as companies adopt a cautious approach amid reduced orders and slowing business expansion [2] - Overall, the PMI data signals a clear cooling of the US economy at the beginning of the year, with market expectations for first-quarter economic growth becoming increasingly conservative [2]