U.S. January PMI Data Shows Mixed Results

According to Odaily, the preliminary data for the U.S. January S&P Global Services PMI was recorded at 52.8, falling short of the expected 56.5 and the previous value of 56.8. Meanwhile, the U.S. January S&P Global Manufacturing PMI preliminary figure stood at 50.1, surpassing the anticipated 49.7 and the prior value of 49.4. The U.S. January S&P Global Composite PMI initial reading was 52.4, below the forecasted 55.4 and matching the previous figure of 55.4.