Summary
- The US January manufacturing PMI recorded 51.2, exceeding expectations.
- It surpassed Wall Street's expectation of 50.1, indicating economic expansion.
- Additionally, the PMI exceeding 50 shows a positive trend in the manufacturing sector.
The United States' January Manufacturing Purchasing Managers' Index (PMI) exceeded expectations.
On the 3rd (local time), S&P Global announced that the Manufacturing Purchasing Managers' Index was 51.2, surpassing Wall Street's expectation of 50.1.
The Purchasing Managers' Index (PMI) uses 50 as a baseline to gauge whether the economy is expanding or contracting. A PMI above 50 indicates economic expansion, while below 50 signifies economic contraction.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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