US Markit January provisional PMI data now out 24 Jan
- 55.1 prev
- services 53.3 vs 54.3 exp 53.7 prev
- composite 53.8 vs 54.1 prev
- employment PMI 53.1 vs 53.3 prev
Mixed report but PMIs no longer the flavour of the month so not going to shake things up too much anyhow.
Services report lowest since April 2017
Say Markit:
January data indicated another solid expansion of U.S. private sector business activity, underpinned by the fastest rise in new work for five months. Manufacturing production continued to increase at a much faster pace than service sector activity
Full report here
