US S&P Global Manufacturing PMI rises to 50.1 in January, Services PMI retreats to 52.8

Source Fxstreet
  • The US private sector expanded at a softening pace in January.
  • US Dollar Index stays deep in negative territory below 107.50.

The economic activity in the US' private sector continued to expand in January, albeit at a softer pace, with the S&P Global Composite PMI declining to 52.4 from 55.4 in December.

In the same period, the Manufacturing PMI improved to 50.1 from 49.4, surpassing the market expectation of 49.6. Finally, the Services PMI declined to 52.8 from 56.8.

Commenting on the survey's findings, "US businesses are starting 2025 in an upbeat mood on hopes that the new administration will help drive stronger economic growth," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence.

"Rising optimism is most notable in the manufacturing sector, where expectations of growth over the coming year have surged higher as factories await support from the new policies of the Trump administration, though service providers are also entering 2025 in good spirits," Williamson added.

Market reaction

The US Dollar (USD) stays under bearish pressure following the PMI data. At the time of press, the US Dollar Index was down 0.5% on the day at 107.57.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Is a Stock Market Crash Looming? Here's What I'm Doing to Protect My Investments Just in Case.While the stock market is still surging right now, investor sentiment may be taking a turn. Around 34% of U.S. investors feel "bearish" about the next six months, according to a we
Author  The Motley Fool
10 hours ago
While the stock market is still surging right now, investor sentiment may be taking a turn. Around 34% of U.S. investors feel "bearish" about the next six months, according to a we
placeholder
Top 5 Crypto in 2025: TRX, SUI, AAVE, RBLK & ETH Price Predicted to Soar, Experts SayCrypto markets are heating up, and experts are predicting big things for 2025. While some coins are moving slowly, others are ready​ tо explode. Names like Ethereum and Tron have been around for years, showing steady growth, but newer projects like Sui, Aave, and the latest Rollblock are gaining serious momentum.  With analysts calling for […]
Author  Cryptopolitan
11 hours ago
Crypto markets are heating up, and experts are predicting big things for 2025. While some coins are moving slowly, others are ready​ tо explode. Names like Ethereum and Tron have been around for years, showing steady growth, but newer projects like Sui, Aave, and the latest Rollblock are gaining serious momentum.  With analysts calling for […]
placeholder
Dogecoin Price Flashes Death Cross Signal as Elon Musk Grills US TreasuryDogecoin price stabilized around the $0.26 level on Wednesday amid a 22% weekly decline as crypto markets tumbled further.
Author  FXStreet
11 hours ago
Dogecoin price stabilized around the $0.26 level on Wednesday amid a 22% weekly decline as crypto markets tumbled further.
placeholder
XRP Price Struggles to Keep Pace: What’s Holding It Back?XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level.
Author  NewsBTC
14 hours ago
XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level.
placeholder
Gold price sits near all-time peak; overbought conditions warrant caution for bullsGold price (XAU/USD) trades with a mild positive bias during the Asian session on Thursday and remains close to the all-time peak touched the previous day.
Author  FXStreet
14 hours ago
Gold price (XAU/USD) trades with a mild positive bias during the Asian session on Thursday and remains close to the all-time peak touched the previous day.
goTop
quote