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US January ISM Non-Manufacturing PMI 52.8…"Below Expectations"
Son Min
- It was reported that the U.S. January ISM Non-Manufacturing PMI was 52.8, falling short of both expectations and the previous month's revised figure.
- The Non-Manufacturing PMI is a crucial indicator for determining economic expansion, with a reading above 50 indicating expansion.
- This result is expected to serve as an important reference for future economic outlook and investment decisions.
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The United States January ISM Non-Manufacturing Purchasing Managers' Index (PMI) fell below expectations.
On the 5th (local time), the Institute for Supply Management (ISM) released a report stating that the U.S. January Non-Manufacturing PMI was 52.8, falling short of both the expected 54.2 and the previous month's revised figure of 54.0.
ISM conducts a monthly survey evaluating the manufacturing economy across 400 companies in 20 industries to calculate the PMI index. A PMI above 50 indicates more opinions of economic expansion, while below 50 suggests more opinions of economic contraction.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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