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New data S&P Global Services PMI (Jan)

2/5/2025

actual 52.9, previous 56.8

The event is the S&P Global Services PMI (Purchasing Managers' Index) for the United States in January 2025. The actual PMI value reported is 52.9, which is a decrease of 3.9 points from the previous month. This event is considered to have a high impact on the market. The previous PMI value was 56.8, so there was a decrease of 6.866% in the PMI for the services sector. The estimate for this event was 52.8, and the actual value slightly exceeded this estimate. The PMI is an important economic indicator that provides insight into the economic health of the services sector, with values above 50 indicating expansion and values below 50 indicating contraction.

This is not investment advice. Remember to verify the information provided here.

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