The U.S. Services Purchasing Managers’ Index (PMI) from S&P Global rose slightly by 0.2 points to 52.7 in January, signaling ongoing expansion in the services sector.
Sustained Expansion Over Three Years
This reading confirms three consecutive years of uninterrupted growth in the services industry, surpassing the consensus forecast of 52.5. A score above 50 consistently points to positive momentum in business activity.
Elevated Inflation Amid Competitive Pressures
Inflationary pressures persist at high levels within the sector, fueled by higher costs from tariffs and accelerating wage growth. Intense competition, however, continues to cap the pass-through to customer prices, moderating the overall impact on final selling rates.
