FX.co ★ US Composite PMI Edges Higher in January

The S&P Global US Composite PMI experienced an uptick to 53.0 in January 2026, surpassing both the preliminary estimate of 52.8 and the December figure of 52.7. This indicates robust growth in private sector activities. Enhanced output growth was noted in both manufacturing and services sectors, driven by a brisker pace of new business. Employment saw a slight increase, with a slight dip in business confidence. Despite persistent cost pressures, input inflation showed signs of easing since late 2025, mirroring a similar trend in the moderation of output price growth.