US PMI DATA FOR JANUARY: MANUFACTURING BEATS EXPECTATIONS, SERVICES DECLINE

The US manufacturing PMI for January 2025 was 50.1 points, which is higher than expected (49.8 points).
In December 2024, the PMI was 49.4 points, meaning it improved in January.
This data was released by the S&P Global Statistics Bureau today (Friday).
Manufacturing performed better than expected, but the services sector declined