Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Back

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

  • 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.

United States S&P Global Composite PMI down to 52.4 in January from previous 55.4

United States S&P Global Composite PMI down to 52.4 in January from previous 55.4
Read more Previous

United States Michigan Consumer Sentiment Index below expectations (73.2) in January: Actual (71.1)

United States Michigan Consumer Sentiment Index below expectations (73.2) in January: Actual (71.1)
Read more Next