The U.S. non-manufacturing PMI fell to 55.2 in January
Note: This section contains information in English only.
Wed, 06 Mar 2013 19:11:03 GMT
Source: Forexcrunch
According to the Institute for Supply Management, the U.S. non-manufacturing PMI fell to 55.2 in January, following a recorded figure of 55.7 in December. The figure was matching the preliminary estimates and, still being in the positive ground, indicates expansion of the economy. Further forecasts expect a slide down to 55.0.
"The ISM survey signals that growth in the service sector has held up nicely early in 2013 despite the tax increases implemented at the start of the year and the surge in gasoline prices in February," said economists at J.P. Morgan.
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