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USA: composite PMI estimated down sharply in January

(CercleFinance.com) - Growth slowed markedly in the US private sector in January, according to S&P Global, whose composite PMI index came in at 52.
4 in flash estimates, compared with 55.4 in final data for December.

This slowdown is centered on the services economy, whose output is posting its weakest growth since last April, while manufacturing output is marginally returning to growth after five months of decline.

Businesses' production expectations for the year ahead remain at a level not surpassed since May 2022, but inflationary pressures are intensifying on both costs and selling prices.

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