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US January S&P Global prelim services PMI 52.9 vs 51.0 expected

US January S&P Global prelim services PMI 52.9 vs 51.0 expected

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By Adam Button
24/01/2024 | 14:45 GMT
  • The US services and manufacturing PMI reports from S&P Global
SP Global US services Nov
  • Prior was 51.4
  • Manufacturing vs 47.9 expected
  • Prior manufacturing was 47.9
  • Composite 52.3 vs 50.9 prior

This is a good sign that the latest blips in PMIs were bad data, not a bad sign for the economy.

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