In February 2025, the U.S. manufacturing sector presented a mixed picture, with the S&P Global US Manufacturing PMI indicating growth driven by increased demand and potential tariff-related stock replenishment, while the ISM US Manufacturing PMI showed a slight decline due to weakened demand and tariff-induced operational shocks. Simultaneously, the services sector experienced a slowdown according to the S&P Global US Services PMI, facing challenges from weak demand and rising labor costs, though the ISM US Services PMI remained in an expansion phase. A key factor influencing both sectors was the impact of new administration tariff policies, which led to price increases, potential supply disruptions, and concerns about rising raw material costs, creating uncertainty and affecting business operations.