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U.S. January ISM Manufacturing PMI Jumps to 52.6, Beating Forecasts

The ISM Manufacturing PMI rose sharply to 52.6 in January, surpassing expectations, while the S&P Global Services PMI also showed steady growth at 52.7.

Summary

The U.S. January ISM Manufacturing PMI surged to 52.6, well above the forecast of 48.5 and up from December’s 47.9, indicating strong manufacturing expansion. Separately, the final S&P Global Services PMI reading for January came in at 52.7, exceeding both the expected and previous readings of 52.5. Both indices reflect continued economic growth, with levels above 50 signaling expansion across manufacturing and services sectors.

Terms & Concepts
  • ISM Manufacturing PMI: An economic indicator published by the Institute for Supply Management that measures the performance of the manufacturing sector; a reading above 50 indicates expansion.
  • Purchasing Managers’ Index (PMI): A survey-based measure of business activity based on responses from purchasing managers, reflecting economic trends in manufacturing or services.
  • S&P Global Services PMI: An index measuring the economic health of the U.S. services sector based on surveys of private sector service companies.