US January prelim Markit services PMI 53.2 vs 53.0 expected

Author: Adam Button | Category: News

January services and manufacturing PMIs from Markit

markit
  • Highest since March 2019
  • Prior was 52.8
  • Manufacturing 51.7 vs 52.4 expected
  • Prior manufacturing 52.4
  • Composite 53.1 vs 52.7
  • Full release
  The recovery of growth momentum across the U.S. private sector continued to quicken at the start of 2020, with overall output rising at the sharpest pace since last March. Nonetheless, the underlying data highlights a manufacturing sector that is not out of the woods yet, with goods producers seeing only modest gains in output and new orders," said Sian Jones, economist at IHS Markit in the release. 
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