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January 11, 2023

Global PMI data is mostly in contractionary territory.

Purchasing Managers’ Index (PMI) data can be used as a gauge for economy activity within manufacturing and services. The survey seeks to capture whether activity has improved or worsened versus the prior month. A print below 50 is an indication of contraction versus the prior month. S&P Global U.S. Composite PMI fell 1.4 points to...
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