US ISM Services PMI (Jan) 53.8 vs. Exp. 53.5 (Prev. 53.8, Rev. From 54.4, Low. 52.8, High. 55.2)
Newsquawk Staff ·
US ISM Services PMI (Jan) 53.8 vs. Exp. 53.5 (Prev. 53.8, Rev. From 54.4, Low. 52.8, High. 55.2)
What it means
The ISM Services PMI for January came in at 53.8, slightly beating expectations of 53.5 while matching the previous month's reading. This suggests stability in the services sector, but the downward revision from the prior number indicates some weakness in the trend. Overall, while the beat may provide a marginal boost to sentiment, it does not suggest a strong acceleration that would influence monetary policy significantly.
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Newsquawk Daily Economic Releases - 4th November 2026
- Swiss CPI (Oct YY) 1.5% vs. Exp. 1.3% (Prev. 1.0%); Core (Oct YY) 0.5% vs Exp. 0.5% (Prev. 0.5%)
- Swiss CPI (Oct MM) 0.2% vs. Exp. 0% (Prev. 0.0%)
- ECB's Radev says the economic environment is getting more challenging; October pause does not mean the tightening cycle is over
Related headlines
- New Zealand Employment Change (Q3 QQ) -0.1% vs. Exp. 0.4% (Prev. 0.5%)5 days ago
- New Zealand Unemployment Rate (Q3) 5.7% vs. Exp. 5.5% (Prev. 5.6%)5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- US Factory Orders ex Transportation (Sep) 1.3% vs. Exp. 0.5% (Prev. 0.4%)5 days ago
- US Factory Orders (Sep MM) 1.8% vs. Exp. 1.2% (Prev. 0.1%)5 days ago
- Mexican S&P Global Manufacturing PMI (Oct) 49.50 (Prev. 50.30)5 days ago
- [PREVIEW] Riksbank Policy Decision on 4th November 20265 days ago
- Brazilian S&P Global Manufacturing PMI (Oct) 46.1 (Prev. 44.8)5 days ago
- Newsquawk Daily US Opening News - 3rd November 20265 days ago
- Irish HICP Preliminary (Oct YY) 2.5% (Prev. 3.8%)5 days ago
- Irish HICP Preliminary (Oct MM) 0.0% (Prev. 0.2%)5 days ago
- Germany's HDE Lobby Group sees 2026 German Retail Sales +2% in nominal terms, +1% in real terms5 days ago
- Hong Kong GDP Growth Rate Adv (Q3 QQ) 1.9% vs. Exp. 0.8% (Prev. -0.6%)5 days ago
- Hong Kong GDP Growth Rate Adv (Q3 YY) 5.2% vs. Exp. 3.7% (Prev. 4.3%)5 days ago
- EUROPEAN OPEN: AAPL falls on margin outlook; NVDA tells partners to limit China exposure; BAYN GY raises FY26 EBITDA view; PHIA NA Q3 beat; fuel costs hit LHA GY FY26 EBIT view; Aramco net profit +35%; SHEL LN sells North West Shelf stakes for USD 1.45bln5 days ago