US S&P Global Composite PMI Flash (Jan) 52.8 (Prev. 52.7)
Importance
Level 1
- "The survey is signalling annualised GDP growth of 1.5% for both December and January, and a worryingly subdued rate of new business growth across both manufacturing and services adds further to signs that first quarter growth could disappoint."
- "Jobs growth is meanwhile already disappointing, with near stagnant payroll numbers reported again in January,as businesses worry about taking on more staff in an environment of uncertainty, weak demand and high cost".
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