FX.co ★ US Manufacturing Shows Modest Momentum in January

According to preliminary data, the S&P Global US Manufacturing PMI rose marginally to 51.9 in January 2026, compared to December’s 51.8. This result aligns closely with market predictions, which anticipated a reading of 52. The index, while demonstrating a slight increase, still indicates the second weakest enhancement in manufacturing sector conditions since July. This is attributable to employment growth decelerating to its lowest in six months. On a more positive note, output growth accelerated to reach its most rapid rate since last August, with new orders recovering from their downturn in December. Additionally, while supplier delivery times have extended, they have done so at a more controlled rate, and inventories of purchased inputs have remained largely steady.