PiCK
US January Service PMI Final at 52.9, Slightly Exceeds Market Expectations
Son Min
- The final reading of the U.S. January Service PMI was reported to be 52.9, slightly exceeding market expectations.
- This announcement suggests that the U.S. service sector is contracting compared to December.
- It was noted that PMI is important as it determines expansion or contraction based on the baseline of 50.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The final reading of the United States' January Service Purchasing Managers' Index (PMI) slightly exceeded market expectations.
On the 5th (local time), according to the PMI report released by S&P Global, the final reading of the U.S. January Service Purchasing Managers' Index was 52.9, slightly above the market expectation of 52.8.
The announced Service PMI index recorded a lower figure than last month (56.8), indicating that the U.S. service sector is contracting compared to December.
PMI uses 50 as the baseline to gauge whether the service industry is expanding or contracting.

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Jeong Eun-bo, Chairman of Korea Exchange, "Will Discuss Introduction of Virtual Asset ETF with Authorities"
44 minutes ago
Binance Sells Its Holdings of BTC and ETH, Reducing Volume by Over 90%
1 hours ago
"U.S. Rapidly Enacts Crypto Legislation... South Korea Risks Falling Behind and Facing Exchange Rate Instability"
3 hours ago
US Imposes '25% Tariff' on 'Korean' Steel and Aluminum [Global Tariff War]
3 hours ago![US Imposes '25% Tariff' on 'Korean' Steel and Aluminum [Global Tariff War]](https://media.bloomingbit.io/prod/news/dc22ab91-47a4-4d7b-836f-9ca587f322ff.webp)
SEC's Pro-Crypto Move?… SEC Requests Court to 'Temporarily Halt' Binance Lawsuit
4 hours ago
Ranking News