US PMI Beats Estimates On Boost In Output And New Orders

Markit’s January U.S. PMI report is out.

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The headline index rose to 55.8 from last month’s 54.0 reading. Economists were expecting the index to come in at 55.3.

Earlier in January, Markit released a flash estimate of 56.1.

Below is a breakdown of the change in the individual sub-components:

pmi subcomponents

Photo: Markit

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