U.S. January PMI Data Shows Mixed Results

The preliminary data for the U.S. January S&P Global Services PMI stands at 52.5, slightly below the expected 52.8, and unchanged from the previous value of 52.5. According to Odaily, the S&P Global Manufacturing PMI for January is initially recorded at 51.9, just under the anticipated 52, but an increase from the prior 51.8. Meanwhile, the S&P Global Composite PMI for January is reported at 52.8, falling short of the forecasted 53, yet slightly higher than the previous 52.7.