New data S&P Global Services PMI (Jan)

2/5/2025

actual 49, previous 48.2

The event is the S&P Global Services PMI (Purchasing Managers' Index) for Canada in January. The actual PMI value reported is 49, which is in line with the estimated value of 49. This indicates that the services sector in Canada remained relatively stable compared to the previous month. The previous PMI value was 48.2, so there was a slight increase of 0.8 points.

Since the impact of this event is considered high, it suggests that the performance of the services sector in Canada is closely watched by investors and analysts as it can provide insights into the overall economic health of the country. The positive change of 1.66% from the previous month indicates a modest improvement in the services sector.

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