S&P Global PMI data beat expectations but remain below breakeven levels

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The numbers: The U.S. economy got off to a weak start in 2023. Business conditions contracted again in January as demand for goods and services fell for the fourth month in a row, S&P surveys showed.

The S&P Global “flash” U.S. services sector index rose to a three-month high of 46.6 from 44.7 in December. The service side of the economy employs most Americans.

The…

This article was originally published by Marketwatch.com. Read the original article here.

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