US January S&P Global flash manfacturing PMI 46.8

global PMI SP US

  • 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.

We are primarily funded by readers. Please subscribe and donate to support us!

www.forexlive.com/news/us-january-sp-global-flash-manfacturing-pmi-468-vs-460-expected-20230124/

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.