- Manufacturing 46.8 vs 46.0 expected
- Prior was 46.2
- Services PMI 46.6 vs 45.0 expected
- Prior services 44.7
- Composite 46.6 vs 44.6 prior
- New orders declined, led by manufacturing
- Cost burdens increased for the first time in eight months
- Backlogs of work fell
- Business optimism hit a four-month high
This is a better reading but below 50 still points to a contraction.
www.forexlive.com/news/us-january-sp-global-flash-manfacturing-pmi-468-vs-460-expected-20230124/
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