According to preliminary data, the PMI in the manufacturing sector (PMI manufacturing) for January was 52.0 points compared with 51.6 points a month earlier. The value of the meet analysts' forecasts.
At the same time, PMI in sphere of services (PMI services) has declined during the reporting month from 53.6 points to 52.3 points. This figure is expected to increase to 54.1 points.
Note that the PMI indexes accurately reflect the economic conditions in the sector of production and services, the overall economic situation and development prospects. Value indices above 50 points indicates growth of business activity in relation to the previous month, below - to decline.
At the same time, PMI in sphere of services (PMI services) has declined during the reporting month from 53.6 points to 52.3 points. This figure is expected to increase to 54.1 points.
Note that the PMI indexes accurately reflect the economic conditions in the sector of production and services, the overall economic situation and development prospects. Value indices above 50 points indicates growth of business activity in relation to the previous month, below - to decline.
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