US January ISM Non-Manufacturing PMI 52.8…"Below Expectations"

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.