PMI for services and manufacturing rises more than expected in January

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He Marklit’s preliminary report showed better-than-expected data from the US. The sector indicator services it rose to 57.5 in January, above the market consensus of 53.4. The previous month it had stood at 54.8. With respect to manufacturer it posted a rise to 59.1 from 56.5, beating the expectation of 56.5

The index compound it reached the highest level since 2015 at 58.0, from 55.3 in December.

The dollar was not helped by the data and continued to cut gains in the market.

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